Consider a noncollusive duopoly model with both firms supplying bottled drinking water. The marginal cost for each firm is $1.50. 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 p, and the price charged by Firm B is denoted as pg. Find the demand functions for each of the firms. Ifpps $5, then demand for Firm A's bottled drinking water is: 3 thousand if p pg If pg pp (Round your responses to two decimal places.) Price 10 Demand 0 0.5 1 15 2 25 3 35 4 Quantity (in thousands) 4.5 5 0 (9 [ Find the demand functions for each of the firms. Ifpps $5, then demand for Firm A's bottled drinking water is: 3 thousand if pp pg If pg pp (Round your responses to two decimal places.) The Nash equilibrium is when Firm A charges a price of: pA=$ and Firm B charges a price of: pB=$ (Round your responses to two decimal places.) Price Demand 0.5 1 15 2 25 3 35 4 Quantity (in thousands) 4.5 5