Examlex
Name two main drawbacks to using AFIS.
Pricing High
Setting the price of a product or service significantly above the cost of production or acquisition to achieve higher margins.
Best Response
In game theory, it is the strategy that will give a player the highest payoff, given the strategies chosen by other players in the game.
Simultaneous Game
A type of game in game theory where participants make decisions or select strategies at the same time without knowledge of the others’ choices, exemplified by the Prisoner’s Dilemma.
Shoplifter
An individual who steals merchandise from a retail store.
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