The price charged by the industry with collusion is shown by:

(Figure: Collusion) Use Figure: Collusion. The price charged by the industry with collusion is shown by: Figure: Collusion Price, (a) Firm 1 (b) Firm 2 (c) Industry marginal revenue and marginal cost MC MC2 MCcombined W X Y Z combined MR combined 0 F GH 0 J KL 0 ORST U Output Output Output (per period) (per period) (per period) OY. O X. OW. O Z