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Based on the best available econometric estimates, the market elasticity of demand for your firm's product is -3.0. The marginal cost of producing the product

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Based on the best available econometric estimates, the market elasticity of demand for your firm's product is -3.0. The marginal cost of producing the product is constant at $250, while average total cost at current production levels is $325. Determine your optimal per unit price if: Instructions: Enter your responses rounded to two decimal places a, you are a monopolist. 375 00 b. you compete against one other firm in a Cournot oligopoly c. you compete against 19 other firms in a Cournot oligopoly S

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