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The early Populist campaign to create a coalition of poor white and poor black farmers resulted in
Nash Equilibrium
A concept in game theory where each player's chosen strategy maximizes their payoff given the strategies chosen by other players, and no player can benefit by changing their strategy unilaterally.
Marginal Cost
The cost of producing one additional unit of a product or service.
Profit-Maximizing
A strategy or process aimed at increasing a company's profits to the highest possible level.
Marginal Cost
The increase in cost that arises from producing one additional unit of a good or service.
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