Examlex
In an) _______ test, the performance of each examinee is interpreted in reference to a relevant standardization sample.
Credible Threat
A declaration of intended action or punishment that is believable and realistic enough to influence the behavior of others.
Equilibrium
A state in which all forces or influences are balanced, such as in a market when supply equals demand.
Dominant Strategy
In game theory, an approach that remains optimal for a participant, no matter what tactics are adopted by the others.
Entry-Deterring Price
A strategy involving setting prices low enough to prevent new competitors from entering the market.
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