Examlex
How did Edwin Hubble definitively prove that "spiral nebulae" were individual galaxies that were separate from the Milky Way?
Nash Equilibrium
A concept in game theory where no participant can gain by unilaterally changing strategies if the strategies of the others remain unchanged.
Monopoly Output
The quantity of goods or services produced by a monopoly, which is determined at the point where the monopoly's marginal cost meets the market demand curve.
Duopolist
One of two firms in a market where only two firms offer a particular product or service, leading to a specific form of competition.
Cartel Agreement
An arrangement among competing firms to control prices or exclude entry of a new competitor in the market, often through setting production levels or dividing markets.
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