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Isabel had been taking Valium, a benzodiazepine, for a few years to calm her nerves and help her sleep.She had her dosage increased by her doctor because her previous dosage wasn't helping her sleep at night anymore.One night, she went out with her husband for his company's annual Christmas party.She had never been much of a drinker, but that evening she wanted to enjoy a few cocktails.She was very careful not to mix her Valium with alcohol, as her doctor had warned her.Towards the end of the evening, Isabel realized that she had had at least 5 cocktails and didn't feel drunk at all.Which term may best describe why this happened?
Sequential Games
A type of game in game theory where players make decisions one after another, allowing for consideration of previous moves.
First-Mover Advantages
Benefits gained by a company that is the first to enter a new market, establish brand recognition, and secure customer loyalty before competitors.
Nash Equilibrium
is a concept in game theory where each player's strategy is optimal, given the strategies of other players.
Herfindahl Index
A measure of market concentration used to determine the level of competition within an industry, calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers.
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