Question: Can you please explain how to solve question b and c? Thanks a lot! Consider a noncollusive duopoly model with both firms supplying bottled drinking

Can you please explain how to solve question b and c? ThanksCan you please explain how to solve question b and c? Thanks a lot!

Consider a noncollusive duopoly model with both firms supplying bottled drinking water. The firms choose prices simultaneously. The marginal cost for each firm is $1.50. The market demand is shown by the figure given below. a. Find the demand functions for each of the firms. b. What pricing strategy by each firm would be a Nash equilibrium in this model? c. Find the Nash equilibrium when the two firms can collude effectively

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