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Prisoner's Dilemma
Prisoner's Dilemma is a concept in game theory where two individuals acting in their own self-interest pursue a course of action that does not result in the ideal outcome for either of them.
Cooperate
The act of working together towards a common goal or interest, often seen in contexts where individuals or entities join forces for mutual benefit.
Nash Equilibrium
is a concept in game theory where no player can benefit by changing their strategy while the other players keep theirs unchanged.
Cartels
Groups of independent market participants who collude with one another to manipulate the price of a good or service in the market.
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