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, at their profit-maximizing price and output producer surplus would be:
Definitions:
Health Inspectors
Officials responsible for ensuring compliance with public health regulations and standards, especially in food establishments, housing, and workplaces.
Closed Shop
A labor arrangement whereby all employees must be members of a specific union before being hired, typically agreed upon through union and employer negotiations.
Taft-Hartley Act
A United States federal law that restricts the activities and power of labor unions.
Outlawed
Describes something that has been prohibited or made illegal by law or regulatory authority.
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