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According to your textbook, when making a preparation outline, you should
Rivals
Competitors within the same market that vie for customers and market share by offering similar goods or services.
Reaction Curve
Relationship between a firm’s profit-maximizing output and the amount it thinks its competitor will produce.
Nash Equilibrium
A concept in game theory where no participant can gain by unilaterally changing their strategy if the strategies of the others remain unchanged.
Nash Equilibrium
A concept in game theory where no player can benefit by changing their strategy while other players keep theirs unchanged.
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