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Based on the best available econometric estimates, the market elasticity of demand for your firm's product is -3. The ma
Posted: Sun Jul 03, 2022 6:50 am
by answerhappygod
- Based On The Best Available Econometric Estimates The Market Elasticity Of Demand For Your Firm S Product Is 3 The Ma 1 (18.21 KiB) Viewed 10 times
Based on the best available econometric estimates, the market elasticity of demand for your firm's product is -3. The marginal cost of producing the product is constant at $150, while average total cost at current production levels is $175. Determine your optimal per unit price if: Instructions: 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 18 other firms in a Cournot oligopoly. LA