Elucidate the evidence that supports these recommendations

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Reference no: EM1363705

Q. Explain the evidence that supports these recommendations and how your recommendations might need to be modified for the alternative economic futures

Q. Based on the best available econometric estimates, the market elasticity of demand for your firm's product is - 1.50. The managerial 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:
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

Reference no: EM1363705

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