Examlex
The character that separates tokens is known as a(n) ____________.
Marginal Products
The additional output obtained by employing one more unit of a certain input while keeping other inputs constant.
Separating Equilibrium
A concept in game theory where different types of participants (players) choose different strategies, revealing their type in the process.
Pooling Equilibrium
An outcome where market participants with different characteristics choose indistinguishable actions, making it impossible to differentiate between them based on their choices.
Microeconomics
The branch of economics that studies individual agents and markets, their interactions, and the outcomes of these interactions.
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