Use the Following to Answer Question

question 116

Multiple Choice

Use the following to answer question:
-(Table: Prices and Demand) Use Table: Prices and Demand.Professor Dumbledore has a monopoly on magic hats.The marginal cost of producing a hat is $18.Suppose Dumbledore can perfectly price-discriminate.How many hats will he produce?

• A)3
• B)4
• C)5

---

Definitions:

Margin Of Safety

The extent to which a product or activity is considered safe, or the difference between a product's normal operating condition and its failure point.

Endocrine Systems

A chemical messaging system in the body comprised of glands that release hormones directly into the bloodstream, influencing numerous physiological processes.

Immune

Having resistance to a specific infectious disease, often through vaccination or previous infection, leading to specific immunity.

Nervous

Feeling of anxiety, apprehension, or unease, often related to fear of a specific situation or outcome.