Examlex
What is characteristic of a main sequence star?
Infinitely Repeated Games
A concept in game theory where a game is played an unlimited number of times, allowing for strategies that can enforce cooperation in situations where one-time game theory would predict non-cooperation.
Credible Threat
A declaration or signal that one will take some negative action if conditions are not met, and it is believable and capable of being executed.
Oligopolistic Situation
A market condition where a few companies have the majority of market share and control over pricing.
Barriers to Entry
Factors that make it difficult for new firms to enter a market, often leading to reduced competition.
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