Examlex
A __________ gap is the difference between the firm's service standards and the service it provides to customers.
Negative-sum Games
Situations in which the total losses exceed the total gains, leading to a net decrease in wealth or benefit.
Incentive
A thing that motivates or encourages someone to do something, particularly in economic contexts to influence behaviors.
Dominant Strategy
A strategy in game theory that is best for a player regardless of the strategies chosen by the other players.
Nash Equilibrium
A concept in game theory where no participant can gain by unilaterally changing their strategy if the strategies of the others remain unchanged.
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