Use the Following to Answer Question

question 41

Multiple Choice

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.How much is deadweight loss at the Saint's profit-maximizing output?

• A)$24
• B)$18
• C)$12
• D)$9

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Definitions:

Manufacturer's Sales Office

A dedicated office space where the manufacturer’s sales activities, including contact with clients and order processing, are conducted.

Carries Inventory

Refers to a company's practice of keeping stock of goods or materials to meet demand.

Sales Function

The activities and processes involved in promoting and selling goods or services.

Manufacturer's Representative

An independent agent who represents manufacturers' products in a specific territory, often on a commission basis.