Examlex
______ has been defined as the study of the conditions and processes that contribute to the flourishing or optimal functioning of people, groups, and institutions.
Illegal
Refers to actions or activities that are prohibited by law.
Nash Equilibrium
A concept in game theory where no player can benefit by changing strategies while the other players' strategies remain unchanged.
Payoff
The benefit or return that one receives as a result of an investment or action; a rephrasing of economic payoff emphasizing the outcome aspect.
Cartel
An association of independent businesses or countries that work together to control prices and limit competition for their mutual benefit.
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