Examlex
Confidentiality can be considered an absolute.
Homogeneous Good
A product or service that is considered identical or very similar no matter who produces it, making price the main differentiator.
Nash Equilibrium
A concept in game theory where no participant can gain by a unilateral change of strategy if the strategies of the others remain unchanged.
Annual Profit
The total revenue a company generates in one year after all expenses have been deducted.
Dominant Strategy
A strategy in a game theory that yields the best outcome for a player, irrespective of the strategies adopted by other players.
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