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What is the difference between scarcity and a shortage?
Simultaneous Game
A type of game in game theory where all players make their decisions or choose their strategies at the same time.
Security Guard
A person employed to protect property, assets, or people.
Nash Equilibrium
A concept in game theory where no participant can gain by changing strategies if the other participants remain unchanged.
John Nash
An American mathematician known for his pioneering work in game theory, and the Nobel laureate in Economic Sciences.
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