Examlex
What does recent sociological research suggest about online social networks, in terms of how they are changing personal and social life?
Excessive Bids
Bidding amounts that significantly exceed the estimated value of an item in auctions or tender processes.
Dominant Strategies
In game theory, strategies that are best for a player regardless of what the other players choose.
Credible Threat
A statement or action that is believable and carries the weight of possible enforcement, often used in negotiations or strategic situations.
Economies of Scale
The cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale.
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