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Market Elasticity of Demand Assignment | Homework For You

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December 3rd, 2019

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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 $150, while average total cost at current production levels is $225.

Homework For You

Determine your optimal per unit price if:

Instructions:

a. You are a monopolist.

$ 300

b. You compete against one other firm in a Cournot oligopoly.

$ 200

c. You compete against 19 other firms in a Cournot oligopoly.

$ _____________________???? Get Economics homework help today

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