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Briefly describe the purpose of the Facets Model of Effects.What are the six types of consumer responses the model posits?
Consulting Ban
A prohibition or restriction on offering consulting services, which can be set by industry regulators, institutions, or governments.
Nash Equilibrium
A concept in game theory where no player can gain by changing their strategy while the other players keep theirs unchanged.
Normal Form Game
A representation of strategic interactions in game theory, highlighting the strategies and payoffs available to players.
Price Competition
A market situation where businesses attempt to attract customers by systematically lowering the prices of their goods or services, often resulting in narrower profit margins.
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