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Dominant Strategy
A strategy in game theory that is the best for a player, regardless of what strategies the other players choose.
Firm A
A placeholder name often used in economics and business scenarios to denote a specific, but unnamed, company.
Prisoners' Dilemma
A scenario in game theory where individuals acting in their own self-interest produce a worse outcome than if they had cooperated, illustrating challenges in achieving the best collective outcome.
Dominant Strategy
A strategy that is best for a player in a game, regardless of the strategies chosen by other players.
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