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question 170

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Use the following to answer questions: Use the following to answer questions:   -(Table: Prices and Demand)  Look at the 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 producer surplus at the Saint's profit-maximizing output? A)  $24 B)  $18 C)  $12 D)  $9
-(Table: Prices and Demand) Look at the 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 producer surplus at the Saint's profit-maximizing output?


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