Examlex
If a franchise looks good as an investment,the entrepreneur may request a franchise package from the franchisor at no cost,which usually contains a draft franchise agreement or contract.
Monopolized
A condition where a single seller controls the whole supply of a product or service, often resulting in limited choices for consumers and potential for higher prices.
Nash Equilibrium
A concept within game theory where no participant can gain by changing strategies if the other participants keep theirs unchanged.
Sequential Game
A game in game theory where players make decisions one after another, with each decision informed by the previous players' decisions.
Monopolized
Controlled entirely or to a large extent by a single entity, often referring to a market situation where one company dominates the supply of a particular product or service.
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