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Charlotte has a monopoly on the sale of fruitcake, Market demand and marginal cost facing Charlotte are given by the equations below. What quantity of

Charlotte has a monopoly on the sale of fruitcake, Market demand and marginal cost facing Charlotte are given by the equations below. What quantity of fruitcake and what price maximize Charlotte's profit? Q = 30 - (1/2)P MC = Q 0Q'=10: P:$40 OQ:12:P- $36 0Q:8: P": $26 0Q':20: P=$20

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