Examlex
What is the IUPAC name for the following molecule?
Limit Pricing
A strategy where a firm sets the price of its product low enough to deter new entrants into the market.
Game Theory
The study of how people behave in strategic situations in which individuals must take into account not only their own possible actions but also the possible reactions of others. Originally developed to analyze the best ways to play games like poker and chess.
Strategic Behavior
Self-interested economic actions that take into account the expected reactions of others.
Dominant Strategy
A strategy that always results in the highest payoff for a player, regardless of the opponents' actions.
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