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. If the Saints were a perfectly competitive firm in a perfectly competitive industry, their profit-maximizing price and output, respectively, would be:
Definitions:
MCR Instruction
A "Master Control Reset" command used in programmable logic controllers to reset the state of specified outputs to a predefined state.
Master Control Relay
A primary relay used within a control system that can shut down or enable operation of various parts of the system, acting as a safety and control element.
Override Instruction
A command that temporarily bypasses the normal operation of a system or component, allowing manual control.
PLC Instructions
Instructions used within a Programmable Logic Controller (PLC) to execute specific logic, control, and processing tasks.
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Q34: (Figure: Payoff Matrix for Jake and Zoe)
Q38: What makes a natural monopoly a distinct
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Q246: A producer is a monopoly if it
Q299: (Figure: Game-Day Shirts) Rick is one of
Q304: (Figure: The Profit-Maximizing Output and Price) Look
Q308: Control of a scarce resource or input,
Q312: When a monopolist practices price discrimination, compared
Q324: (Figure: The Profit-Maximizing Output and Price) Look