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A software company writes a better operating system for personal computers and earns very large profits on this operating system. Which of the following is true?
Dominant Position
The status of a company or entity that has a major share of the market, potentially allowing it to influence market conditions.
Market Share
The portion of a market controlled by a particular company, expressed as a percentage of total sales in the industry.
Payoff Matrix
A table that shows the possible outcomes or payoffs resulting from different strategies chosen by two or more players in a game.
Dominant Strategy
A strategy that yields the best outcome for a player, regardless of what strategies other players choose.
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