The Use of 1s and 0s to Represent Information Is

question 2

Short Answer

The use of 1s and 0s to represent information is characteristic of a(n) ____________________ system.

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Definitions:

Shopkeeper

A person who owns or manages a small retail business or shop.

Low Price

A cost that is relatively lower than the average or expected market price of a product or service.

Nash Equilibrium

A concept in game theory where each player's strategy is optimal, given the strategies of all other players, resulting in a stable outcome where no player has an incentive to deviate.

Simultaneous Move Game

A type of strategic game in which all players make their decisions at the same time without knowledge of the other players' choices.