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
Zero profits, I'll make zero profits, so that certainly is a best response, pricing at marginal cost as well.
零利润,我将没有利润,所以这确实是一个最佳对策,也定价在边际成本
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"
I want to say a little bit about the cost of vaccines because this is a part of what makes it difficult to accomplish what's usually our goal in a vaccine development, which is deliver the vaccine to every population in the world.
我想谈谈关于疫苗的成本,因为这是令我们的疫苗发展目标,无法得以实现的困难之一,这个目标就是将疫苗送至世界上每一个人
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
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
I could price at marginal cost as well.
我也将价格设定在边际成本
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
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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