Suppose a = {A, B, C} and B = {B $$\{ b , c \} \in \mathcal { P } ( A )$$

question 204

True/False

suppose A = {a, b, c} and B = {b, {c}}. Mark the statement TRUE or FALSE.
- $$\{ b , c \} \in \mathcal { P } ( A )$$

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Definitions:

Explicit Collusion

A direct agreement among competitors to fix prices, limit production, allocate markets, or engage in other anticompetitive practices, typically illegal in nature.

Optimal Strategy

The best course of action a player or decision-maker can take in a game or decision-making scenario, considering the actions of other players or factors.

Nash Equilibrium

A concept in game theory where each player's strategy is optimal, considering the choices of other players. It represents a situation where no participant can gain by unilaterally changing their strategy.

Dominant Strategy

A strategy in game theory that is the best action for a player irrespective of what the opponent does.