Examlex
What distinguishes a ballot initiative from a referendum?
Nash Equilibrium
A concept within game theory where no participant can gain by changing strategies if the other participants keep theirs unchanged.
Sequential Game
A game in game theory where players make decisions one after another, with each decision informed by the previous players' decisions.
Monopolized
Controlled entirely or to a large extent by a single entity, often referring to a market situation where one company dominates the supply of a particular product or service.
Simultaneous Game
A game theory model where all players make their decisions or moves at the same time without knowledge of the other players' choices.
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