Both firms are producing quantities; both firms are trying to maximize profit, and I want to find out the Nash Equilibrium.

两个公司都生产商品,都希望最大化利润,而我也想找出纳什均衡

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Conversely, if Firm 1 shut down and Firm 2 produced its monopoly quantity that would maximize industry profits.

反之公司1停产而公司2生产垄断产量,这样也能最大化行业利润

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Each of these firms is trying to maximize profits, but how about the total profit in the industry?

每一家公司都尽力实现利润最大化,可整个行业总利润是怎样计算的呢

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So clearly, if we produce the monopoly quantity, by definition, the monopoly quantity maximizes total industry profits.

显然,根据定义,垄断产量使行业总利润达到最大化

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For example, if Firm 2 shut down and Firm 1 produced its monopoly profits, that is, a monopoly quantity, that would maximize firm profits.

比如公司2停产而公司1生产垄断产量,垄断产量会使行业利润最大化

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Each of these firms, we know the fact that they're playing best response, is maximizing their profits taking as giving what the other firm is doing.

每家公司都会采取最佳策略,来根据对手的行为达到最大化利润

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You're Coke, what should you price as if you're trying to maximize your profits?

你是可口可乐,你应该如何定价,如果你想要利润最大化

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And just as last time the firms are going to try and maximize profits.

就像上次一样,公司希望最大化它们的利润

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So this point maximized industry profits and this point maximizes industry profits.

这点会使行业利润最大化,这个点也会

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But how about total industry profits? Are they being maximized here?

但是此情况下行业利润是否最大化呢

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You're going to assume that firms set prices to maximize profits.

你们将假设公司设定价格以最大化利润

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The best response is going to maximize these profits.

最佳对策就是最大化利润

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Where else in this picture maximizes industry profits?

还有哪点能实现行业利润最大化呢

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Who thinks total industry profits are not being maximized?

谁认为行业利润没有最大化

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Who thinks total industry profits are being maximized?

谁觉得行业利润也最大化了

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Total industry profits are not being maximized.

行业利润并没有最大化

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I won't write everything down because it's all written down on the homework assignment which is already on the web, but in fact firms are going to maximize profits, aim to maximize profits, firms are going to have constant marginal costs.

我不全写在这了因为它们都在,网上的家庭作业任务中写了,实际上公司是希望利润最大化,目的是利润最大化,公司有固定的边际成本

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So, in particular, what we're going to do to find out what quantity q1 maximizes this profits for each choice of q2.

所以我们要算出来在不同的q2下,q1取什么值才能最大化利润

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