Examlex
A manic episode has all the following features, except
Perfectly Competitive Markets
Markets in which there are many buyers and sellers, the products are homogeneous, and there are no barriers to entry or exit.
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.
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