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 $125, while average total cost at current production levels is $190. Determine your optimal per unit price if: Instruction: Enter your responses rounded 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. $

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