Examlex
Why is predatory pricing considered illegal?
Natural Log
A logarithm to the base e, where e is an irrational and transcendental constant approximately equal to 2.71828.
Expected Value
A calculated average of all possible values for a random variable, weighted by their respective probabilities.
Probability
A measure of the likelihood that an event will occur, expressed as a number between 0 (impossible) and 1 (certain).
Risk Averse
A description of an individual or entity's preference to avoid uncertainty, often choosing options with more predictable outcomes.
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