Consider a noncollusive duopoly model with both firms supplying bottled drinking water. The marginal cost for each firm

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Consider A Noncollusive Duopoly Model With Both Firms Supplying Bottled Drinking Water The Marginal Cost For Each Firm 1 (43.16 KiB) Viewed 22 times

Consider a noncollusive duopoly model with both firms supplying bottled drinking water. The marginal cost for each firm is $1.75. The market demand is shown by the figure on the right. Let us assume that the two firms supplying bottled drinking water are Firm A and Firm B. The price charged by Firm A is denoted as PA and the price charged by Firm B is denoted as Pg vai Find the demand functions for each of the firms. If pA $7, then demand for Firm A's bottled drinking water is: thousand if PA PB thousand if PA PB thousand if PaPe If Pg 57, then demand for Firm B's bottled drinking water is thousand if PB PA thousand if Pg PA thousand PPA (Round your responses to two decimal places) Price 10 9 8- 7- 0.5 Demand 15 2 25 3 35 4 Quantity (in thousands) 45 o 50 Q