Use the following to answer question: 
-(Table: Prices and Demand) Use Table: Prices and Demand.The New Orleans Saints have a monopoly on Saints logo hats.The marginal cost of producing a hat is $18.The Saints should produce _____ hats and charge _____ to maximize its profits.
Definitions:
Price Elasticity
A measure of how much the quantity demanded of a good responds to a change in its price.
Excise Tax
A tax charged on specific goods and services, such as alcohol, tobacco, and gasoline.
Cancer Drug
Medications specifically designed to treat cancer by inhibiting the growth of cancerous cells, often targeted to specific types of cancer.
Excise Tax
A duty imposed on specific products or activities by the government, typically with the aim of discouraging their use or raising revenue.
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