Examlex
What is total quality management (TQM)? List the 10 steps necessary to implement a successful TQM program.
Cooperative Games
Games in which participants work together to achieve a common goal or derive mutual benefits.
Stackelberg
A model of a market in which one leader firm sets its output first, and then other firms follow, adjusting their outputs accordingly, in strategic game theory.
Cournot Model
A model in oligopoly theory where firms compete on the quantity of output they decide independently and simultaneously.
Monopolistic Competition
A market structure characterized by many firms selling products that are similar but not identical, allowing for competition on factors other than just price, such as quality and marketing.
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