If both firms behave that way, prices will get driven down towards marginal cost and industry profits will suffer.
如果双方都采取这种策略,那么价格将会下降到边际成本,行业利润将会遭受损失
Firms in perfect competition are price takers: they don't particularly have to worry about the actions of their competitors.
这些企业是价格接受者,他们不必担心,他们的竞争对手的策略
You can't think that it really could make so much difference in the real world how prices and quantitie and welfare, and profit is going to work out depending on some thought experiment about how I think about my strategy set.
你们很难想象在现实世界里,价格 产量 福利和利润会因为,不同策略集合设定下的思想实验,而产生如此巨大的变化
Again, so as we don't get confused, normally we use S for strategy, but let's use P since they're prices.
为了避免混淆,通常我们用S表示策略,但是这次我们使用P,因为它代表价格
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