We're just producing Coca-Cola and Pepsi and for want of a better world, spewing it out into the market.

我们只是生产可口可乐和百事可乐,只是投入市场造福百姓而已

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So if Pepsi is the low price drink in the market then no Coke is sold at all.

如果在市场上百事可乐的价格较低,可口可乐就卖不出去

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Suppose the other guy didn't exist, Suppose Pepsi didn't exist, so Coke has the whole market, then we would solve out this problem.

假设对手不存在,假设百事可乐不存在,那么可口可乐占领整个市场,然后我们就可以解决这个问题

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This time, however, instead of setting quantities, instead of just deciding how much Coke and Pepsi to produce and spewing it out in the market and letting prices take care of themselves, this time the firms are going to set prices and let quantities take care of themselves.

这次不是规定产量,上次是确定,可口可乐和百事可乐的产量,运到市场上销售,并让价格自主的浮动,而这次,公司将要预先设定价格,并让产量自动调节

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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

耶鲁公开课 - 博弈论课程节选