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:
Preferred Strategy
A favored or chosen approach to achieving objectives that is selected from among various options based on its anticipated effectiveness.
BCG Matrix
A strategic business tool developed by the Boston Consulting Group that classifies business units or products into four categories (Question Marks, Stars, Cash Cows, Dogs) based on market growth and market share to guide investment decisions.
Low Market Shares
The situation of a company or product having a small percentage of total sales in its respective market, typically indicating limited control or influence.
High-Growth Markets
Markets that are experiencing or expected to experience significantly above-average growth in demand or sales, often offering lucrative opportunities for businesses.
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