Examlex
Explain why libraries are useful in JavaScript.
Economic Profit
The difference between revenue received from the sale of an output and the opportunity cost of the inputs used.
Nash Equilibrium
A concept in game theory where no player can benefit by changing their strategy while the other players keep theirs unchanged, representing a state of strategic balance.
Economic Profit
The difference between total revenue and total costs, including both explicit and implicit costs.
Dominant Strategy
In game theory, a strategy that is best for a player regardless of the strategies chosen by other players.
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