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MedForum Labs has invented a new composition to cure chronic arthritis. In the context of protecting intellectual property, the formula used by MedForum to make the composition can be protected as a _____.
Prisoner's Dilemma
A fundamental problem in game theory showing that two individuals acting in their own self-interest do not produce the optimal outcome.
Game Theory
A branch of mathematics and economics that studies the strategic interaction among rational decision-makers, using models to predict outcomes in competitive situations.
Pure Strategy Equilibria
A game theory concept where each player chooses a single strategy that results in no player having an incentive to unilaterally change their choice.
Mixed Strategy
In game theory, a strategy in which a player employs a mix of actions with certain probabilities to make it impossible for opponents to predict their actions.
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