And I'll say this and then write it more carefully, where P is the lower of the two prices.
我先讲,待会再写下来,P是两个公司价格中较低的那个
So total quantity demand is 1 -P where P is the lower of the two prices.
总需求量是1-P,而P是两个公司的价格中较低那个
Now to make that lower-of-the-two-prices comment a little bit more rigorous, let's figure out what the demand actually is for these firms.
为了说明两者价格较低者,具体是什么意思,先来解决这些公司真正的需求量是什么
Price competition two firms competing with one another in prices can have a Prisoners' Dilemma aspect about it.
价格竞争,两家互相打价格战的企业,可能会陷入囚徒困境
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
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