Examlex
In the spring of 2006 Google was extensively criticized in the media for revealing the names of some of its Chinese users to the Government of China.Google claimed that they were simply obeying Chinese law and that if they did not they would be excluded from the Chinese market.What philosophical approach(es) to ethics did Google exhibit? Do you think their decision was justified?
Colluding Duopoly Firms
Two firms in a duopolistic market condition that agree, often secretly or illegally, to set prices or control the market in a way that disadvantages competitors or exploits consumers.
Price Rise
An increase in the cost of goods or services, often equated with inflation but can also indicate a market adjustment due to supply and demand.
Quantity Fall
This term is not widely recognized as a standard economic or financial term. NO.
Dominant Strategy
A strategy in game theory that yields the highest payoff for a player no matter what the other players do.
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