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Nash Equilibrium
A concept in game theory where each player's strategy is optimal given the strategies of other players, and no player has anything to gain by changing only their own strategy.
Economic Profit
The difference between total revenue and the total opportunity costs (both explicit and implicit) of all resources used by a business.
Dominant Strategy
A strategy in game theory that yields the best outcome for a player, no matter what the other players do.
Natural Gas Fields
Geological formations containing natural gas, a fossil fuel consisting mainly of methane, that can be used for energy production.
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