Examlex
The ratio of confidence to the base probability of buying an item is called support.
Nash Equilibrium
A concept in game theory where no player can benefit by changing strategies while the other players keep theirs unchanged.
Oligopoly Market
A market structure characterized by a few firms controlling the majority of the market share, leading to limited competition.
Profit Maximizers
Entities or persons striving to maximize their earnings through their activities.
Demand Curve
A graphical representation of the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping.
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