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In the context of issuing and trading securities, briefly discuss the primary and secondary markets.
Payoff Matrix
A table that shows the potential outcomes or payoffs from different decisions made by players within a game, used in game theory to analyze strategies.
Duopoly
A market structure where two companies dominate the market for a particular product or service.
Joint Profits
The combined earnings or profits generated by a partnership or collaboration between two or more entities or firms.
Non-collusive Oligopolist
A firm in an oligopoly market structure that independently sets prices or output levels without engaging in explicit agreements with rivals.
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