PI 3.8 Bertrand Equilibrium. Coke and Pepsi dominate the US soft-drink market. Together, they account for about
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PI 3.8 Bertrand Equilibrium. Coke and Pepsi dominate the US soft-drink market.
Together, they account for about 75 per cent of industry sales. Suppose the quantity of Coke demanded depends upon the price of Coke (Pq) and the price of Pepsi (Pp)
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