Examlex
Templates are an example of algorithm abstraction
Efficient Outcome
A situation in economics in which resources are allocated in the most effective manner, maximizing the potential benefit to an economy or market without wasting resources.
Utility
In economics, a measure of satisfaction or happiness that consumers get from consuming goods or services.
Apartment Owner
An individual or entity that holds the title to a residential unit in a building.
Prisoner's Dilemma
A paradox in decision-analysis in which two individuals acting in their own self-interest do not produce the optimal outcome.
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