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Dominant Strategies
In game theory, a strategy that is the best choice for a player, regardless of what the opposing player chooses.
Annual Profit
Annual profit is the financial gain a company or individual achieves in a fiscal year after all expenses, taxes, and costs have been subtracted from total revenue.
Dominant-Strategy Equilibrium
A situation in game theory where a specific strategy is best for a player, regardless of the strategies chosen by other players.
Pure-Strategy Nash Equilibrium
A situation in game theory in which players select a single strategy that yields the best response given the strategies of all other players.
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