Examlex
Business communicators normally use passive voice more heavily than active voice because passive voice conveys ideas more vividly.
Extensive Form
Extensive form represents a way of describing a game in game theory, showcasing the sequential nature of players' decisions and possible strategies.
Perfect Information
A market condition where all participants have access to all necessary information to make informed decisions.
Stackelberg Duopoly
A market structure where two firms compete with one another with one firm establishing itself as a leader by setting its output or price first, and the other firm acting as a follower.
Nash Equilibrium
An idea in game theory where a player cannot gain an advantage by altering their strategy if the strategies of other players stay the same.
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