Examlex
Crimes are prosecuted not by individuals but by the state or federal government.
Game Theory
A mathematical and economic theory that analyzes the strategic interactions among rational decision-makers.
Homogeneous Good
A product that is considered identical or uniform across producers and can be easily substituted.
Annual Profit
The total earnings a business has after subtracting all expenses over a year.
Dominant Strategy
A strategy in game theory that is best for a player, regardless of the strategies chosen by other players.
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