Business
Business, 10.12.2019 00:31, kprincess16r

Based on the best available econometric estimates, the market elasticity of demand for your firm’s product is -1.5. the marginal cost of producing the product is constant at $75, while average total cost at current production levels is $200. determine your optimal per unit price if: instruction: round your answers to two decimal places.

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.

answer
Answers: 3

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