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If two goods are perfect substitutes,then their
Nash Equilibrium
An idea in game theory that suggests no participant can gain an advantage by altering their approach if all other participants maintain their strategies.
Payoff Matrix
A tabular representation of the payoffs or outcomes in a strategic game for each set of strategies chosen by the players.
Nash Equilibrium
A concept in game theory where each player's strategy is optimal, given the other players' strategies, resulting in no incentive for any player to deviate from their chosen strategy.
International Strategy
An approach businesses use to expand their operations and market presence across national borders.
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