Examlex
A template is a set of design choices that includes colors, fonts, and special effects.
Payoff Matrix
A table that shows the potential outcomes of different strategies in a strategic interaction, commonly used in game theory.
Oligopolistic Industry
A market structure characterized by a small number of large firms that dominate the market, often leading to limited competition and higher prices.
Differentiated Oligopoly
A market structure in which a few firms offer products that are similar but not perfect substitutes, allowing for some pricing power.
Collusion
An agreement between competing firms to control prices or exclude entry of a new competitor in the market, often in violation of antitrust laws.
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