The point is that in this game in which firms competed in prices, even though there were only two firms in the market, only one firm more than monopoly, we get a dramatically different result than we had last time.
重点是这个公司进行价格竞争的博弈,尽管博弈中只有两家公司,仅仅比垄断情况下多了一家,我们得到了与上次完全不同的结果
I'm actually going for, to see one of my colleagues who works in a firm.
其实我是去看望我的同事,他在一个公司工作。
So one case to think about is what if the other firm, you're Coke, what if Pepsi is pricing below cost?
一种情况是如果另一家公司,假如说你是可口可乐,如果百事可乐定价低于成本怎么办
And then you choose one as your firm and one as your insurance.
然后,你选择一所肯定去的学校和一所保底学校。
And so in this law firm, one of these guys is an expert on intellectual property and the other one on fraud or something.
律师事务所也是一样的,有人是知识产权达人,别人可能处理欺诈案件很有经验
So one example would be a firm that they both earn, sorry, they both own, and another example would be two of you working as a study group on my homework assignment.
也就是说这两家公司互相赚钱,我说错了,是交叉控股,另外一个例子是两名同学,为了做作业组成了一个学习小组
Each consumer is going to buy one product, either from Firm 1 or from Firm 2.
每个消费者会买一个产品,从公司1买或者从公司2买
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