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Level II national codes are not used in which setting?
Cartel
An association of independent businesses or countries that agree to coordinate production, pricing, and marketing of a product to monopolize a market or maximize profits.
Dominant-Strategy Equilibrium
A situation in game theory where one strategy is better than others, regardless of what any other player chooses.
Dominant-Strategy Equilibrium
A state in a strategic game where each player's best strategy is independent of the strategies chosen by other players, resulting in a stable outcome no matter what the others do.
Tacit Collusion
A form of collusion that occurs without explicit agreement, where firms indirectly coordinate actions by understanding mutual interests.
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