Let's be careful. We'll come back to that next time, but right now we're
competing in quantities. So we're not fixing prices here, we're not even
naming price. We're just producing Coca-Cola and Pepsi and for want of a
better world, spewing it out into the market. What else goes wrong here?
Well, one thing that goes wrong is that suppose Coke and Pepsi were able
to either to write a contract or whatever to sustain joint monopoly
output at this high price, this price which is actually producing
positive profits in the industry it is going to turn out, therefore the
price is going to be above costs. These firms are making all the
profits, what do you think going to happen in this industry? This
industry that's got a lot of profit around it, what going to happen in
this industry? Yeah, the guy in the blue shirt here; Ale this guy here.
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李小梁Jadon Lee
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