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Which one of the following statements is true regarding the Earth's supply of freshwater?
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.
Payoff Matrix
A table that displays the potential outcomes and associated payoffs for each player in a game, given the different strategies each player can choose.
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