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Brand Loyalty
A consumer's preference to buy a particular brand's product over competitors, often due to a perceived superiority or emotional connection to the brand.
Monopoly Power
The ability of a single company or entity to control a majority share of the market for a particular good or service, often resulting in limited choices for consumers.
Repeated Games
A series of game theory scenarios in which the same game is played multiple times, allowing for strategy development based on previous outcomes.
Reciprocity
A mutual exchange of privileges, goods, or services between two parties, based on a principle of giving and receiving in equal measure.
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