Examlex
Most computers include a(n) optical drive that uses a small laser light to read data stored on CDs, DVDs, or Blu-ray disks.
Game Theory
A theoretical framework for conceiving social situations among competing players and for predicting their choices of strategic actions.
Open Collusion
A situation where firms openly agree on prices, production levels, or market shares, violating competition laws.
Game Theory
A theoretical framework for conceiving social situations among competing players and predicting their optimal decisions.
Price-fixing
An illegal agreement among competitors to sell a product or service at a predetermined price, rather than letting market forces dictate pricing.
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