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What distinguishes one type of mobile computer from another is its battery life.
Nash Equilibrium
Nash Equilibrium is a concept in game theory where each player's strategy is optimal, considering the strategies of other players, leading to a situation where no player has an incentive to deviate from their strategy.
Tacit Collusion
An unspoken, non-explicit agreement among competitors to avoid competitive practices like price wars, often difficult to detect and regulate.
Price Extortion
Price extortion occurs when a seller significantly increases the price of goods or services to a level much higher than is considered reasonable or fair, often in situations where consumers have limited choices or during emergencies.
Dominant Strategy
In game theory, a strategy that is best for a player in a game regardless of the strategies chosen by the other players.
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