Examlex
Define social processes and provide at least two examples.
NCAA
The National Collegiate Athletic Association is a member-led organization dedicated to the well-being and lifelong success of college athletes.
Market
An economic concept referring to a mechanism or environment where buyers and sellers interact to exchange goods, services, or information.
Dominant Strategy
In game theory, a strategy that is best for a player in a game regardless of the strategies chosen by the other players.
Economic Profit
The difference between revenue received from the sale of an output and the opportunity cost of the inputs used.
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