So the first thing we're going to do today is look at a different form of competition which is called Bertrand competition.
所以今天我们要做的第一件事,就是来学习一个不同形式的竞争,叫伯川德竞争
I want you to learn; I do not have you compete against your classmates.
我希望你们去学习;,我不会让你们与同学竞争。
All right, so last time we started to study imperfect competition.
上一节课,我们开始学习不完全竞争
We looked at two firms competing in quantities.
我们学习了两个公司围绕产量的竞争
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