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Question 280

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Use the following to answer question: Use the following to answer question: -(Table: Prices and Demand) Use 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 should produce _____ hats and charge _____ to maximize its profits. A) 1;$28 B) 2;$26 C) 3;$24 D) 4;$22
-(Table: Prices and Demand) Use 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 should produce _____ hats and charge _____ to maximize its profits.


A) 1;$28
B) 2;$26
C) 3;$24
D) 4;$22

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