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Players
In an economic context, players refer to individuals or entities actively participating in a market or economic model.
Strategies
Plans or methods developed to achieve a goal or solve a problem.
Nash Equilibrium
A concept within game theory where no participant can gain by unilaterally changing their strategy if the strategies of the others remain unchanged.
Optimal Strategy
The best or most efficient course of action to achieve a specific goal or maximize a particular set of outcomes under given conditions.
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