Examlex
What is software that prevents direct communication between a sending and receiving computer and is used to monitor packets for security reasons?
Cournot Duopolists
Two firms in a market where each firm decides on its output level assuming the output of the other firm is fixed, leading to a stable competition equilibrium.
Equilibrium Prices
The market price at which the supply of an item equals the demand for that item, leading to a stable market condition where there is no surplus or shortage.
Stackelberg Model
Oligopoly model in which one firm sets its output before other firms do.
Dominant Strategy
In game theory, a strategy that is the best choice for a player, regardless of what the other players choose.
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