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Rudy is an isolate.He never plays with other children.Mrs.Chen takes some videos of the other children playing.One day she takes Rudy to another room and shows him the film.She points out some of the social skills used by the other children.This is an example of
Cournot Duopoly
A market situation where two firms compete with one another by deciding on output quantity with the assumption that the other's decision remains constant.
Rivals
Competitors within the same market that vie for customers and market share by offering similar goods or services.
Reaction Curve
Relationship between a firm’s profit-maximizing output and the amount it thinks its competitor will produce.
Nash Equilibrium
A concept in game theory where no participant can gain by unilaterally changing their strategy if the strategies of the others remain unchanged.
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