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Based on the best available econometric estimates, the market elasticity of demand for your firm's product is -2

Marketing

Based on the best available econometric estimates, the market elasticity of demand for your firm's product is -2. The marginal cost of producing the product is constant at $150, while the average total cost at current production levels is $225. Determine your optimal per unit price if:

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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