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Sequential Game
A strategic scenario in game theory where players make decisions one after another, with each decision affecting subsequent choices.
Shopkeeper
An individual who owns, operates, or manages a retail store, selling goods to the public.
High Price
A situation where the cost of a good or service is considerably above the average or expected price.
Bargaining Position
The relative power or leverage that a party has in negotiation settings, which can influence the terms and outcome.
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