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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
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So I moved around at a couple of law firms. I started at a law firm in the South.
所以我跑了一些律师事务所。我开始在一家南方的律师事务所做事。
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Both firms are producing quantities; both firms are trying to maximize profit, and I want to find out the Nash Equilibrium.
两个公司都生产商品,都希望最大化利润,而我也想找出纳什均衡
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I have to know an awful a lot more about the intricacies of those particular firms to say.
我得知道更多,关于这些公司的复杂的事情,才能发表意见。
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But in many cases firms do a mixture of different activities one of which is investment banking.
但是大部分情况下，公司做各种各样的业务,其中一个就是银行投资业务。
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I'm excited to be working at a firm next year, I have had a little bit of experience already in law firms.
明年我就要到事务所工作了，我为此非常兴奋，我已经有一些在事务所的工作经验了。
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I know that that building is Clifford Chance which is one of the major law firms.
我知道那栋楼是高伟绅律师行，那是主要的律师事务所之一。
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It seems to me that people go to college and then they join their firms and between age of 25 to 35, they learn a lot.
我发现人们上大学,之后进入公司,从25岁到35岁学了大量的东西。
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Now, most likely people wouldn't be able to get hired by law firms
现在，多数情况下，他们难以被律师事务所招进去，
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So different. Like prestigious firms will come here to recruit students,
所以有很大不同。比如很多大型公司都会来这里招聘学生，
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Maybe a partner at your firms gives you an assignment and says,
也许你公司的合伙人交给你一个任务，并且指出
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Now, in practice, this is not the only problem facing two firms who are trying to produce the monopoly output.
实际上 这并非两个想维持垄断产量的,企业需要面对的唯一问题
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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
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they come to law firms and we get to help them solve the problem.
他们会到事务所来寻求帮助，我们则帮他们解决问题。
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Suppose they have a written contract, or even an unwritten contract, what enforces the contract for colluding firms or crooks in jail?
假如他们签了一份书面协议,或干脆口头的,他们怎么强制履行呢
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The only numbers that appear for the trailing ten years are numbers that are associated with firms that are still in business.
那些用于分析过去10年市场的数字,只能来自于目前仍在营业的公司
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