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The letters r and θ represent polar coordinates. Write the equation using rectangular coordinates (x, y) .
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Nash Equilibrium
A concept in game theory where no player can benefit by changing their strategy while the other players keep theirs unchanged, representing a state of strategic balance.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs.
Dominant Strategy
In game theory, a strategy that is best for a player regardless of the strategies chosen by other players.
Individual Profits
The net gain in monetary terms realized by an individual or a single business entity from its investment or business operations.
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