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When a Nash equilibrium is reached:
Terms
The conditions and stipulations outlined in an agreement or contract, specifying the obligations, rights, and responsibilities of each party involved.
Cost
Refers to the amount of money incurred to produce or purchase goods or services.
Defective Motor
A motor that fails to operate within its specified performance criteria due to faults in design, material, or workmanship.
Discount Period
The time frame during which a payment made early is eligible for a discount according to the terms of the sales agreement.
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