Determining the optimal per unit price, Macroeconomics

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Determining the optimal per unit price

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

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Macroeconomics: Determining the optimal per unit price

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Macroeconomics: Determining the optimal per unit price

Reference No:- TGS066746

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

Q : Weak axiom of revealed preference

Q : Preparing consolidated financial statements

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Macroeconomics: Determining the optimal per unit price

Reference No:- TGS066746

Recent Questions Asked Macroeconomics

Q : Weak axiom of revealed preference

Q : Preparing consolidated financial statements

Q : Optimal bidding strategy

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Q : Statement about consolidated financial statements

Q : Present level of production

Q : Output of private goods and services

Q : Making adjustments on the consolidated worksheet

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