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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The outcome we believe I think, is that imperfect competition should look something between monopoly and perfect competition, it shouldn't look like perfect competition.

这个可信的结果是,不完全竞争应该是介于,垄断和完全竞争之间,而不是与完全竞争相似

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In practice, when firms try and have these agreements, which are not contracts, to try and produce joint monopoly output, what else goes wrong?

现实中,公司想要达成这样的协议,而非合同,想要维持垄断产量,还会遇到什么问题呢

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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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Here, Firm 1 produced nothing and Firm 2 produced a monopoly quantity; and here Firm 2 produced nothing and Firm 1 produced a monopoly quantity.

在这点是公司1停产公司2垄断,而在这点是公司2停产公司1垄断

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