Examlex
What is a deficiency of water in the body?
Producer Surplus
The difference between the amount producers are willing to accept for a good or service versus what they actually receive.
Negotiated Price
A final price which is agreed upon by both the buyer and seller after a process of negotiation.
Cooperative Game
Game in which participants can negotiate binding contracts that allow them to plan joint strategies.
Binding Contracts
Legally enforceable agreements between two or more parties with specific obligations.
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