Examlex
The Federalists understood that temporary majorities could abuse their power in a democracy, but Madison argued that such an outcome is less likely if the nation is
Solitaire
A card game played by one person or a metaphor for any activity done alone without the need for other participants.
Oligopoly Behavior
Strategic actions by firms in a market where a few dominant firms interact, leading to solutions and outcomes that depend on the choices of the other market participants.
Prisoner's Dilemma
The Prisoner's Dilemma is a standard example of a game analyzed in game theory that shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interest to do so.
Collude
When two or more parties come together to limit open competition by deceiving or misleading others about their rights and obligations.
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