Use the following to answer questions:
Figure: Collusion 
-(Figure: Collusion) Look at the figure Collusion. The quantity of output produced by firm 1 when there is collusion in the industry is shown by:
Definitions:
Specialization
The focus of a business, region, or individual on producing a limited range of goods or services to gain greater efficiency and productivity.
Eighteenth-Century
A period in history ranging from the year 1701 to 1800, characterized by significant developments in politics, philosophy, science, and arts.
Pin Factory
A classic example used by Adam Smith to describe the benefits of specialization and division of labor.
The Wealth of Nations
A seminal book by Adam Smith that lays the foundations of classical economics and discusses the division of labor, productivity, and free markets.
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Q304: (Figure: The Profit-Maximizing Output and Price) Look