Examlex
Stage six of Kohlberg's theory is based on the notion of _______________ ethical principles.
Dominant Strategy
A dominant strategy is a course of action in a strategic game or situation that results in the best outcome for a player, regardless of what the other players decide to do.
Oligopoly
A market structure characterized by a few large firms that dominate the market, often leading to limited competition and higher prices for consumers.
Monopolistically Competitive
A market structure where many firms sell products that are similar but not identical, allowing for a degree of market power and product differentiation.
Nash Equilibrium
A concept in game theory where no participant can gain by unilaterally changing strategies if the strategies of the others remain unchanged.
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