1.There are many markets in which buyers use some market statistic to judge the quality of prospective purchases. In this case there is incentive for sellers to market poor quality merchandise since the returns for good quality accrue mainly to the entire group whose statistic is affected rather than to the individual seller.
As a result there tends to be a reduction in the average quality of goods and also in the size of the market.
这是引言中第二段的一句话,最后一句中的size指的是什么?我看到有翻译上写的是市场规模,这个咋讲 谢了~~
It should also be perceived that in these markets social and private returns differ, and therefore, in some cases,governmental intervention may increase the welfare of all parties.
Or private institutions may arise to take advantage of the potential increases in welfare which can accrue to all parties. By nature, however, these institutions are nonatomistic, and therefore concentrations of power - with ill consequences of their own can develop.
或者是,私人制度可能会产生,以利用各方潜在的福利增长。但是,这些制度并不是孤立分散的 (nonatomistic)、因此,权力的集中有可能形成一一这就是制度本身带来的不良后果。
后边这些红体的咋理解啊~~