Examlex
How did transistors and microchips revolutionize electronics?
Price Wars
A competitive situation in which retailers repeatedly cut prices in order to undercut each other, often to the detriment of profit margins.
Tacit Agreements
Unspoken, unwritten mutual understandings or arrangements between parties.
Tit-For-Tat Strategy
A strategy in game theory where a player replicates the opponent's previous action, often used in conflict resolution and cooperative scenarios.
Mimic
To imitate someone or something, often to learn from them or as a form of flattery.
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