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Low Price
Refers to the practice of setting the cost of goods or services at a minimal level, often to attract customers or compete in the market.
High Price
The characteristic of goods or services being offered at a cost considered above the average or expected market value.
Nash Equilibrium
A concept in game theory where no participant can gain by unilaterally changing their strategy if the strategies of others remain unchanged.
Advertising Strategy
The plan and tactics a business uses to communicate with its market, promote its products or services, and attract customers.
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