Examlex
Once a piece of wood is burnt and becomes charcoal it is impossible for archaeologists to even guess what type of tree it came from.
Perfect Information
A situation in decision-making where all participants have access to all relevant facts and data.
Expected Profit
The forecasted gain or loss from a business activity, considering possible outcomes and their probabilities.
Certainty
The state or quality of being absolutely sure or confident about something, without any doubt.
Perfect Information
A market condition in which all participants are fully informed about the product, prices, and other relevant factors.
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