Problem
Suppose the demand for Coke and Pepsi in a small city are given by formulas (12) and (13), with D = 50. The marginal cost is $0.30 per can. Find the Nash equilibrium prices. How does a change in D affect competition? Why?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.