Use the following to answer questions : 
-(Table: Coffee and Salmon Production Possibilities II) Look at the table Coffee and Salmon Production Possibilities II. This table shows the maximum amounts of coffee and salmon, both measured in pounds, that Brazil and Alaska can produce if they just produce one good. Alaska has an absolute advantage in producing:
Definitions:
Regulation
Rules or directives made and maintained by an authority to regulate behavior or achieve an outcome.
Marginal Cost Price
The cost incurred by producing one additional unit of a product, critical for decision-making in pricing and production levels.
Monopolist
A single seller in a market who has significant control over the supply of a particular product or service and can exert considerable influence over the market price.
Marginal Cost Price
The cost incurred from producing an additional unit of a product or service.
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