After a while, just 10 producers are now competing in this particular market.Then, one of the competitors of Azcarie, the company « Panna Rossa »proposed them to form a cartel

and collide with the other participants in this market structure. j. (5 points) Assuming that the cartel is successful in controlling the market.How much you think their profit can be? k. (5 points) What will happen with the price and quantity of champagne in this market if merchants fail to manipulate the price? I.(5 points) Propose a measure that the cartel might implement in order to procure the maximum possible profit for all of its members in the long term. Explain.