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What are two difficulties that are encountered when two companies are compared?
Optimal Strategy
The best course of action a player or decision-maker can take in a game or decision-making scenario, considering the actions of other players or factors.
Nash Equilibrium
A concept in game theory where each player's strategy is optimal, considering the choices of other players. It represents a situation where no participant can gain by unilaterally changing their strategy.
Dominant Strategy
A strategy in game theory that is the best action for a player irrespective of what the opponent does.
Tit-For-Tat
A strategy in game theory where a participant replicates the opponent's previous action, as in a retaliatory or cooperative manner.
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