Examlex
The XRD scan of the face-centered cubic (fcc) structure of sodium chloride showed that there was a distance of 562.8 pm between "layers of ions." Given that the fcc unit cell has a volume of 178.26 *10-24 cm3, to which distance does the 562.8 pm correspond?
Price Leadership
A situation where one company in an industry sets the price for its products, and other companies in the industry follow suit, often due to the dominance of the leading company.
Prisoner's Dilemma
A fundamental problem in game theory demonstrating that two individuals might not cooperate, even if it appears that it is in their best interest to do so.
Collusive Agreements
Secret or illegal cooperation or conspiracy, especially between firms, to deceive or defraud others, restrict competition, or fix prices.
Price Leadership Model
A market structure where one leading firm sets the price for its product and the other firms in the market follow suit, adjusting their prices accordingly.
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