Suppose two sweaters compete in a Bertrand market structure with differentiated products. Demand for the first sweater is given by 
where p1 is price for sweater 1 and p2 is the price for sweater 2. Demand for the second sweater is 
The costs of providing the sweaters are C1 = q1 and C2 = q2 respectively. The first sweater firm will charge $____ for its sweater.
Definitions:
Lathe Shaft
A component of a lathe machine which rotates, typically used to hold, drive, or support the workpiece being machined.
Out of Round
A condition where a component, typically a wheel or drum, does not have a perfectly circular shape, affecting performance.
Brake Warning Light
An indicator light on a vehicle's dashboard that illuminates to warn the driver of potential issues with the braking system.
Shoe Linings
The material attached to the brake shoe that comes into contact with the brake drum or rotor to create the friction needed for stopping.
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