Question: PLEASE SEE ATTACHED SCREEN SHOT FOR QUESTIONS Based on the best available econometric estimates, the market elasticity of demand for your rm's product is -1.5.

PLEASE SEE ATTACHED SCREEN SHOT FOR QUESTIONS

Based on the best available econometric estimates, the market elasticity of demand for your rm's product is -1.5. The marginal cost of producing the product is constant at $150, while average total cost at current production levels is $215. Determine your optimal per unit price if: Instruction: Enter your responses rounded to two decimal places. a. You are a monopolist. $I: b. You compete against one other rm in a Cournot oligopoly. $I: c. You compete against 19 other firms in a Cournot oligopoly. $

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