Based on the best available econometric estimates, the market elasticity of demand for your firm?… 1 answer below »

Based on the best available econometric estimates, the market
elasticity of demand for your firm’s product is -2.5. The marginal
cost of producing the product is constant at $225, while average
total cost at current production levels is $300. Determine your
optimal per unit price if: Instruction: Round your answers to two
decimal places. a. You are a monopolist. $ b. You compete against
one other firm in a Cournot oligopoly. $ c. You compete against 19
other firms in a Cournot oligopoly.

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