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. The Saints sell at most one hat to each customer, and the table shows each customer's willingness to pay. If the Saints were a perfectly competitive firm in a perfectly competitive industry, at their profit-maximizing price and output total surplus would be _____. If the Saints were a profit-maximizing monopoly, at their profit-maximizing price and output total surplus would be _____.
Definitions:
Bargaining mix
The range of topics, issues, or objectives that parties negotiate and discuss in an attempt to reach an agreement.
Avoidance strategy
A method chosen to sidestep potential problems, conflicts, or risks by staying away from certain actions or decisions.
Alternatives
Other options or choices available to individuals or parties, often considered in decision-making or negotiation.
Distributive process
A negotiation strategy concerned with the division and allocation of resources or benefits.
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