Examlex
A defining characteristic of terrorism is that it is designed to be psychological in nature.
Cournot Duopolists
Firms in a duopoly market structure where each firm chooses its output level assuming the other does not change its output, leading to a strategic interdependence in decision-making.
Welfare Loss
The decrease in social welfare, typically caused by market inefficiencies or failures, often measured as lost income or utility.
Stackelberg Duopoly
A strategic game in economics where one firm sets its output first, and the second firm then chooses its output, knowing the first firm's decision.
Remarkable Healing
The process of recovering from an injury or illness in an impressively rapid or efficient manner.
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