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Game theory is used to explain the pricing behavior of
Laissez-faire Leadership
A leadership style characterized by a hands-off approach, allowing individuals within a group or organization to make their own decisions and solve problems independently.
Organization Efficiency
The capability of an organization to produce a desired effect or output with a minimum amount of waste, expense, or unnecessary effort.
Democratic Leadership
A leadership style where members of a group take a more participative role in the decision-making process, promoting group equality.
Organization Efficiency
The ability of an organization to achieve its goals with minimal waste of resources, including time, money, and labor.
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