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Need detailed explanation. I have the answer 5. Suppose there are two firms, Boors and Cudweiser,...

Need detailed explanation. I have the answer

5. Suppose there are two firms, Boors and Cudweiser, each selling nonalcoholic beer. Suppose Boors and Cudweiser are not viewed as perfect substitutes but rather demand for Boors is QB = 5000 − 1000PB + 100PC and demand for Cudweiser is QC = 3000 − 1500PC + 100PB. For simplicity, assume zero marginal costs. Which is the more preferred beer?

a. Boor's b. Cudweiser c. they are equally preferred d. neither are preferred

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Rahul Sunny answered 2 months ago
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