The Cournot was competing in quantities and Bertrand is competing in prices.
古诺是在产量上竞争,而伯川德是在价格上竞争
This time, however, instead of setting quantities, instead of just deciding how much Coke and Pepsi to produce and spewing it out in the market and letting prices take care of themselves, this time the firms are going to set prices and let quantities take care of themselves.
这次不是规定产量,上次是确定,可口可乐和百事可乐的产量,运到市场上销售,并让价格自主的浮动,而这次,公司将要预先设定价格,并让产量自动调节
So rather than go through this again a whole third time, I've gone through it once in quantities and once in prices, I'm going to get you guys to do it this time by having you do it on a homework assignment.
与其从头到尾再做第三遍,我已经从产量和价格角度从头到尾做过了,我将让你们自己,在家庭作业中完成这个工作
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