Examlex
______ measures the brightness of the color and ranges from 0% (black) up to
100% (white) .
Nash Equilibria
A concept in game theory where no player can benefit by changing strategies if others keep their strategies unchanged.
Subsidized Payoffs
Financial benefits provided, often by a government, to support or encourage certain activities or reduce associated costs.
English Auction
A bidding process where the price of the item for sale ascends with each bid, and the highest bid at the auction's close wins.
Reservation Price
Maximum price that a customer is willing to pay for a good.
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