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Based on the best available econometric estimates, the market elasticity of demand for your firm’s product is -2. The marginal cost of producing the product is constant at $200, while average total cost at current production levels is $260. Determine your optimal per unit price if: 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.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91721189

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