Examlex
Soils develop slower in tropical climates than in cold climates and arid climates.
Explicit Collusion
An overt agreement among firms within an industry to fix prices, limit production, or engage in other anticompetitive practices.
Tit-For-Tat
A strategy in game theory where a participant replicates an opponent's previous action, whether cooperative or competitive.
Strategy
A plan of action designed to achieve a long-term or overall aim, often used in various contexts like business, gaming, military, and personal planning.
Dominant Strategy
A dominant strategy is a course of action that yields the best payoff for a player regardless of what the other players in the game decide to do.
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