Based on the best available econometric estimates, the market elasticity of demand for your firm's product is 3. The marginal cost of producing the product is constant at $100, while average total cost at current production levels is $175.

Determine your optimal per unit price if:

Instructions:Enter your responses rounded 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.