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Describe the sequence of events through which visual information is processed.Begin by discussing how light is converted into neural energy.Then describe the pathway from the eye to the primary visual cortex.Finally,describe the processing that occurs outside of the primary visual cortex.
Tacit Collusion
An unspoken, unofficial agreement between competitors to avoid certain actions or behaviors considered competitive, without explicit communication.
Nonprice Competition
Competition in areas other than price to increase sales, such as new product features and advertising; especially engaged in by firms that have a tacit understanding not to compete on price.
Nash Equilibrium
A concept within game theory where no player can benefit by changing strategies while the other players keep theirs unchanged.
Price Leadership
A pattern of behavior in which one firm sets its price and other firms in the industry follow.
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