Examlex
Match the term to the correct example.
-a single storm
Raise Price
An action by sellers to increase the cost of goods or services, often in response to higher demand or increased production costs.
Cournot Model
The Cournot Model is an economic theory that describes an industry structure where companies compete on the quantity of output they will produce, affecting the market price.
Rivals' Reactions
In business strategy and economics, the anticipated responses or actions of competing entities in reaction to a company's decisions or changes in the marketplace.
Game Theory
Analyzes the choices made by rival firms, people, and even governments when they are trying to maximize their own well-being while anticipating and reacting to the actions of others in their environment.
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