Problem
Again consider the Coke and Pepsi example discussed in the chapter. Use graphs of reaction functions to illustrate what would happen to equilibrium prices if:
a) Coca-Cola's marginal cost increased.
b) For any pair of prices for Coke and Pepsi, Pepsi's demand went up.
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.