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 $200, while average total cost at current production levels is $240. Determine your optimal per unit price if: Instructions: Enter your responses rounded to two decimal places. a. you are a monopolist.

$ ________ Enter your responses rounded to two decimal places.

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

$ ________ Enter your responses rounded to two decimal places.

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

$ ________ Enter your responses rounded to two decimal places.