Examlex
_____ is the standard amount charged to customers for a product.
Cournot
A model of duopoly in which two firms assume the output of the other, deciding their own production levels to maximize profit.
Sequential Game
A type of game theory model where players make decisions one after another, with each player's decision possibly affecting future decisions by themselves or others.
Simultaneous-Move Scenario
A situation in game theory where all players make their decisions or choose their strategies at the same time without knowledge of the others' choices.
Sequentially Played Game
A game in which players make decisions or moves one after another, in a specific sequence.
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