Price competition two firms competing with one another in prices can have a Prisoners' Dilemma aspect about it.
价格竞争,两家互相打价格战的企业,可能会陷入囚徒困境
In the second case, if both firms undercut each other, you end up with low prices, that's actually good for consumers but bad for firms.
在第二个案例中,如果两家企业互相削弱,最终会压低价格,这对消费者有利,但对企业不利
These are two government sponsored enterprises mortgages from banks and other lenders.
这是两家美国政府赞助企业,从其他借贷者手里买如贷款。
So basically the idea is that the more these firms produce, so the more the total quantity produced q1 + q2, the lower is the price in the marketplace for this product.
核心思想就是两家企业生产得越多,即产量,q1 + q2,越大,该产品的市场价格就越低
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