Examlex
The average price per share is higher in the American Stock Exchange than in the New York Stock Exchange.
Separating Equilibrium
A concept in game theory where different types of participants (players) choose different strategies, revealing their type in the process.
Pooling Equilibrium
An outcome where market participants with different characteristics choose indistinguishable actions, making it impossible to differentiate between them based on their choices.
Microeconomics
The branch of economics that studies individual agents and markets, their interactions, and the outcomes of these interactions.
Wage Cut
A decrease in the amount of wages that employees earn.
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