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Minimum Probability
The lowest chance or likelihood of an event occurring, often used in statistical analysis and decision-making processes to evaluate risk.
Costs
The expenses incurred in the production of goods or services, including materials, labor, and overhead.
Firm Indifferent
A state where a business has no preference between two or more choices due to equivalence in outcomes.
Agent's Incentives
The rewards, financial or otherwise, that motivate an agent, such as an employee or representative, to act in the principal's (such as an employer or company) best interests.
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