ou are the only seller of Melba sauce in the Albany region. The local demand for jars of Melba sauce and your marginal costs of producing the sauce are as follows: Marginal benefit (demand): P = 50 - 0.5Q Marginal cost (supply): P = 2 + 2Q What quantity of jars of Melba sauce should you optimally produce as a monopolist?
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You are the only seller of Melba sauce in the Albany region. The local demand for jars of Melba sauce and your marginal costs of producing the sauce are as follows:
Marginal benefit (demand): P = 50 - 0.5Q
Marginal cost (supply): P = 2 + 2Q
What quantity of jars of Melba sauce should you optimally produce as a monopolist?
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