Examlex
A(n) ______ is the electrical resistance between two points along a conductor that, when one volt is applied, produces 1 ampere of current.
Economic Profits
The net amount left when a business subtracts its full range of costs, explicit and implicit, from its entire revenue.
New Market
An emerging or previously unexplored segment of an industry where a business can expand or introduce its products or services.
Repeated Game
A strategic scenario in game theory where the same game is played several times, allowing players to revise their strategy based on past outcomes.
Nash Equilibrium
A concept in game theory where each player's strategy is optimal given the strategies of all other players in the game, leading to a situation from which no player has an incentive to deviate.
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