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:

John Brown

An American abolitionist leader in the 19th century known for his militant opposition to slavery.

Harpers Ferry

A historic town in West Virginia, known for John Brown's raid in 1859, which was intended to initiate an armed slave revolt.

Abolitionists

Individuals and groups who advocated for the immediate end of slavery and the emancipation of slaves, active especially in the 19th century.

Executive Branch

is one of the three branches of government, tasked with enforcing laws passed by the legislature, headed by the President in the United States or similar leadership positions in other countries.