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Which is the major product of the following reaction?
Maximin Strategy
A strategy in decision-making which aims to maximize the minimum gain that can be earned, focusing on the worst-case scenario.
Collusion
A secretive or illegal agreement between parties to limit competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law.
Winner's Curse
A situation in an auction where the winning bid exceeds the intrinsic value or true worth of an item.
Sequential Entry
A market entry strategy where businesses or competitors enter a market one after another, as opposed to entering simultaneously.
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