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Escalation of Commitment
A pattern of behavior in which individuals continue to follow a failing course of action or invest more resources in a losing proposition, based on their hope or belief that the situation will improve.
Price War
A competitive strategy where companies continuously lower prices to outdo each other, often at the expense of profit margins, to capture a larger market share.
Heavy Losses
Significant negative outcomes, often financial, experienced by individuals or organizations.
Visible Aspects
Elements or features of something that are perceivable or observable directly.
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