____________________ Were a Particularly Prized Import in Iron Age Southeastern

question 8

Multiple Choice

____________________ were a particularly prized import in Iron Age southeastern Africa.

• A) Etruscan ceramics
• B) Llamas
• C) Glass beads
• D) Jade masks

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Definitions:

Rivals

Competitors within the same market that vie for customers and market share by offering similar goods or services.

Reaction Curve

Relationship between a firm’s profit-maximizing output and the amount it thinks its competitor will produce.

Nash Equilibrium

A concept in game theory where no participant can gain by unilaterally changing their strategy if the strategies of the others remain unchanged.

Nash Equilibrium

A concept in game theory where no player can benefit by changing their strategy while other players keep theirs unchanged.