Examlex
The hypothesis that birds evolved from dinosaurs is potentially confusing because dinosaurs-at least the ones thought to be the ancestors of birds-did not fly. Why do biologists still hold to this hypothesis despite this point?
Repeated Games
A strategic situation in which the same game (a set of strategies and payoffs) is played multiple times, allowing for strategy evolution over time.
Homogeneous Oligopolists
Firms in an oligopoly that sell products so similar that consumers perceive them as identical, leading to competition based primarily on price.
Differentiated Oligopolists
Firms in an oligopolistic market structure that distinguish their products from those of competitors through branding, quality, or other means.
Collusive Oligopoly
A market situation where a few firms dominate the market and make coordinated efforts to control prices and market shares, often illegally or in violation of competitive practices.
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