Based on the best available econometric estimates, the market elasticity of demand for your firm's product is 1.5. The marginal cost of producing the product is constant at $125, while average total cost at current production levels is $190. Determine your optimal per unit price if: Instructions: Enter your responses rounded to two decimal places. a. you are a monopolist.

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b. you compete against one other firm in a Cournot oligopoly.

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c. you compete against 19 other firms in a Cournot oligopoly.

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