Examlex
Which of the following statements is correct?
Equilibrium
A situation where market demand equals supply, causing price levels to remain unchanged.
Mixed Strategies
A strategy in game theory where a player chooses probabilistically between different actions to prevent predictability.
Sequentially Played Game
A strategic situation or game where players make moves one after another, each aware of the preceding players’ decisions, often analyzed in game theory to predict outcomes.
Mixed Strategy
A strategy in game theory where a player chooses among possible moves according to a probability distribution.
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