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What should you do in both solicited and prospecting job letters?
Payoff Matrix
A table that displays the potential outcomes or rewards for different actions taken by players in a strategic game.
Nash Equilibrium
A concept within game theory where no participant can gain by unilaterally changing their strategy if the strategies of the other participants remain unchanged.
Elastic Demand
A situation where the demand for a good or service significantly changes in response to changes in price.
Price Differentials
The differences in the price of the same or similar products in different markets or geographical locations.
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