Examlex
What is meant by the "external environment"? Provide some examples of how it can influence organizations.
Prisoners' Dilemma
A situation in game theory in which two individuals acting in their own self-interest do not produce the optimal outcome for either party.
Repeated Play
This refers to a situation in game theory where a game is played multiple times by the same participants, allowing for strategies that consider past outcomes.
Government Intervention
Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and direct provisioning of goods.
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