Use the Following to Answer Questions

question 118

Multiple Choice

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 deadweight loss at the Saint's profit-maximizing output?

• A) $24
• B) $18
• C) $12
• D) $9

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Definitions:

Multiple Births

Multiple births occur when more than one baby is born from a single pregnancy, such as twins or triplets.

Germ Layer

One of the three primary layers of cells (endoderm, mesoderm, and ectoderm) in the early embryo that develop into all organs and tissues of the body.

Epidermis

The outermost layer of cells covering an organism, providing protection against the environment.

Ectoderm

The outermost layer of cells or tissue of an embryo in early development, giving rise to the formation of the nervous system and the skin epidermis.