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Use the Half-angle Formulas to find the exact value of the trigonometric function.
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Equilibrium Quantity
The quantity of goods or services supplied and demanded at the equilibrium price, where market supply and demand balance each other.
Payoff Matrix
A table that displays the potential outcomes and strategies for each player in a game, used in game theory to determine the best strategies and predict the actions of the participants.
Duopoly
A market structure dominated by two companies, often resulting in closely competitive or collaborative strategies between them.
High-price Strategy
A pricing approach where goods or services are sold at a higher price point, typically justified by branding, quality, or unique features.
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