So one case to think about is what if the other firm, you're Coke, what if Pepsi is pricing below cost?
一种情况是如果另一家公司,假如说你是可口可乐,如果百事可乐定价低于成本怎么办
Okay, coke got the most votes here which is interesting, and in fact Coca-Cola is an international giant of a company.
好,可口可乐得票最多,有意思,事实上,可口可乐是一家大型跨国公司
We're Coca-Cola and Pepsi, so we really don't want to have to bring the mafia in, Although maybe we do, I don't know.
我们是可口可乐和百事可乐公司,我们都不想将黑手党卷进来,可能也希望他们介入吧,谁知道呢
So Patrick's response in Pepsi is to overproduce relative to the monopoly quantity, actually overproduce even relative to the Cournot quantity and produce all the way out here.
百事可乐公司面对垄断产量,采取的举措是增加产量,实际上增加产量就会导致,产量逐渐接近古诺产量
All right, so Patrick when he's in the when he's playing the manager of Pepsi he's going to produce more of this undrinkable liquid and produce this quantity here.
好的,帕特里克是,百事可乐公司的经理,他会生产更多这种难喝的饮料,产量是这么多
Someone else is going to come in and produce cola in this industry and that's exactly what happened in the U.S. At the turn of the last century.
其他公司会参与进来也生产可乐,这就是上个世纪末在美国发生的事情
Coke and Pepsi are producing this stuff.
公司分别生产可口可乐和百事可乐
They're two water companies, so they're Poland Spring and Coca-Cola I guess these days, sign this agreement saying that each one's going to produce half monopoly quantity and what's going to go wrong with that agreement?
有两家瓶装水公司,比如说波兰泉和可口可乐,他们签署了协议规定,每家都只生产垄断产量的一半,这个协议有什么问题吗
So if P1 is less than P2--so if they're the low price firm-- if Coke is the low price firm, only Coke sells in the market.
如果P1小于P2,公司1的价格较低,如果可口可乐的价格较低,市场上将只销售可口可乐
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