We have determined the collision-induced absorption (CIA) spectrum in the O-2 B-band in pure oxygen. We present absolute extinction coefficients of the minimums in between rotational lines using cavity ring-down spectroscopy. The measured extinction is corrected for the B-band magnetic dipole absorption using a model which includes line-mixing. The remaining extinction consists of collision-induced absorption and Rayleigh scattering. We retrieve the magnitude of the Rayleigh scattering and the CIA spectrum based on their individual different behavior with density. The CIA spectrum of the B-band resembles that of the oxygen A-band in shape but not in magnitude. The contribution of CIA to the total B-band absorption is 40% higher in comparison to that of the A-band.