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
So the other guy is pricing below costs, the way which I avoid making losses is to set my price above his price.
所以另一家公司定价低于成本,我想要避免损失的方法是,将我的价格设定得比它高
Further he says, "These individual actions lead to collective costs," said Blair, "It's worth pausing for a moment to consider the consequences that inaction will bring."
他还说,"个人行为将导致集体成本的产生","我们需要停下来思考,不作为所带来的后果"
Just as last time, we're going to assume that costs are constant marginal costs.
就像上次一样,我们将假设成本是固定的边际成本
But now notice that this transport cost is going to be a different interpretation.
但是注意原先的交通成本将有,不同的解释
Pepsi's pricing exactly at marginal cost, what's my best response?
百事将价格精确地设定在边际成本,我的最佳对策是什么
I could price at marginal cost as well.
我也将价格设定在边际成本
To price at marginal cost as well.
也将价格设定在边际成本
So here I've interpreted these terms here as transport costs, and I've interpreted what makes the products different is the fact that one of them is selling at one of the end of the town, and the other one is selling at the whitehead end of town.
我将这个条件转化成了交通成本,并且我将造成产品的不同转化为,是由于一家公司在城的一边销售,而另一家公司在城的另一边销售
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