Examlex
A group of citizens in the State of Rdsx gets enough valid signatures on a petition to put a referendum on the ballot that would require the state legislature to adopt a state holiday on Ted Williams' birthday.An all-sports radio station sells advertising time to those who favor the holiday,but refuses to sell time for advertisements against the holiday.The anti-Williams group tells the station manager that under Section 315,the manager must give the group "equal opportunity." Who is correct,and why?
Cartels
Groups of independent market participants who collude to control prices and output in a particular market, typically to restrict competition.
Illegal
Refers to actions or activities that are prohibited by law.
Nash Equilibrium
A concept in game theory where no player can benefit by changing strategies while the other players' strategies remain unchanged.
Payoff
The benefit or return that one receives as a result of an investment or action; a rephrasing of economic payoff emphasizing the outcome aspect.
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