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Nalebuff and Brandenburger constructed a 'value net' comprising:
Reversible Reactions
Chemical reactions that can proceed in both the forward and backward directions under certain conditions, achieving a state of equilibrium.
Exchange Reaction
A chemical reaction where parts of two reacting molecules are interchanged to produce new products.
Synthesis Reaction
A process where multiple substances merge to create a compound that is more complex.
Decomposition Reaction
A chemical process where a lone compound decomposes into multiple, less complex materials.
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