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Due to concerns about significant short- and long-term health issues after the 2010 explosion and sinking of the Deepwater Horizon oil rig owned and operated by BP Oil, a prominent marine toxicologist recommended the evacuation of individual and families that lived proximately along the Gulf of Mexico. What is the term used to describe people who are forced to move following life-threatening natural of human-made environmental devastation?
First-Mover Advantage
The competitive advantage gained by the initial significant occupant of a market segment, allowing for the establishment of strong brand recognition and customer loyalty before rivals enter the market.
Simultaneous Game
refers to a strategic game where all players make their decisions at the same time, without knowledge of the others' choices.
Nash Equilibrium
A concept in game theory where no player can benefit by changing strategies while the other players keep theirs unchanged.
Zero-Sum Game
A situation in game theory where the gain or loss of one player is exactly balanced by the losses or gains of the other participants.
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