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Local Ordinance
Laws, rules, or regulations that are passed and enforced by a local government authority, applicable only within its jurisdiction.
Price of Gasoline
The amount of money charged for a unit of gasoline, influenced by factors such as crude oil prices, taxes, and demand.
Payoff Matrix
In game theory, it represents the potential outcomes of a game for each player given the different strategies each player can choose.
Sequential Game
A game theory concept where players make decisions one after another, with each player having knowledge of the previous players' decisions.
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