Examlex
Muhammad's tomb is located under the Dome of the Rock.
Incumbent Monopoly
A monopoly status characterized by a dominant player having a major share of the market, often resulting from having established infrastructure and customer base.
Potential Entrant
A firm or company that is not currently in a market but has the potential to enter if market conditions are favorable.
Dominant Strategy
Rephrased: In strategic decision-making, a Dominant Strategy is the optimal choice for a participant that yields the best outcome, independent of the strategies chosen by other players.
Nash Equilibrium
A principle in game theory where each participant's tactic is the best given the tactics of others, and none of the players stand to benefit from altering merely their strategy.
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