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. If the Saints were a perfectly competitive firm in a perfectly competitive industry, at their profit-maximizing price and output, consumer surplus would be:
A) $24.
B) $30.
C) $18.
D) $36.
Correct Answer:

Verified
Correct Answer:
Verified
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