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Changes in Earthʹs orbital configuration may lead to warming temperatures.These warming temperatures,in turn,may lead to the release of both CO2 and CH4.Increases in these gases may further warm the planet.This is an example of a
Infinitely Repeated Games
A concept in game theory where a game is played an unlimited number of times, allowing for strategies that can enforce cooperation in situations where one-time game theory would predict non-cooperation.
Credible Threat
A declaration or signal that one will take some negative action if conditions are not met, and it is believable and capable of being executed.
Oligopolistic Situation
A market condition where a few companies have the majority of market share and control over pricing.
Barriers to Entry
Factors that make it difficult for new firms to enter a market, often leading to reduced competition.
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