(Table: Prices and Demand) Look at the Table Prices and Demand.The

question 162

Essay

(Table: Prices and Demand) Look at the table Prices and Demand.The New Orleans Saints have a monopoly on Saints logo baseball hats.The Saints sell at most one hat to each customer, and the table shows each customer's willingness to pay.The marginal cost of
producing a hat is $18.If the Saints were a perfectly competitive firm in a perfectly competitive industry, their profit-maximizing price and output consumer surplus would be:
A.$24.
B.$30.
C.$18.
D.$36.

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Definitions:

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A labor union representing coal miners in the United States, focused on improving workers' safety and wages.

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The American Federation of Labor, a national federation of labor unions in the United States founded in 1886, representing workers in various industries.

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A 1933 act passed in the United States during the Great Depression to restore investor confidence and stabilize the banking system by putting federally guaranteed banks under the control of the Treasury.

Unanimous House Vote

A vote in which all present members of a legislative house, such as the House of Representatives, agree on a particular decision or piece of legislation.