Your company produces organic cereal. Based on the best available econometric estimates, the market elasticity of demand for your company's cereal is 1.5. The marginal cost of production is constant at $2 per box. Determine the price per box if:

1. You have no close competitors (you are a monopolist).

1. You compete against one other company in a Cournot duopoly.

You compete against 5 other firms in a Cournot oligopoly.