Examlex
__________refers to the extent to which a party attempts to satisfy the other party's concerns.
First-move Ability
The advantage or strategic benefit gained by being the first to act or move in a given situation, often discussed within the context of game theory and competitive scenarios.
Optimal Output
The level of production where a firm maximizes its profits or minimizes its losses.
Differentiated Products
Products that are distinguished from others through variations in quality, features, design, branding, or customer service.
Equilibrium Price
The market price at which the quantity of goods supplied is equal to the quantity of goods demanded.
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