1. The table below shows the market demand structure for oil in the US. Assume that four companies control the entire oil supply and decide to collude to withhold output and drive up prices. A. Calculate the total revenue at each level of output and determine how much total output the cartel should aim for to maximize revenue (well ignore costs for this problem, so assume that revenue = profit). Market Revenue per Quantity Market Price Total Revenue company (millions of ($ per barrel) (divide total by 4) barrels) 200 20 180 40 160 140 120 100 100 120 140 60 160 40 180 20 200 0 .The temptation in collusion is that individual companies want to "cheat" on the agreement, meaning they want to increase their own production while their competitors leave theirs lower. The table below shows what would happen if company A raised its output to 30 units, while companies B, C, and Dremained at 25 units. Use the table below to calculate each company's revenue, and comment on the result. Company Quantity Market Price Revenue A 30 95 B 25 95 C 25 95 D 25 95