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What is the conjugate acid of CO32- in the reaction below? CO32- + HSO4-
HCO3- + SO42-
Oligopolistic Market Outcomes
In an oligopolistic market structure, outcomes often include limited competition, price stability or price wars, and potential for collusion among the few dominant firms.
Prisoners' Dilemma
A fundamental problem in game theory showing why two individuals might not cooperate, even if it appears that it is in their best interest to do so.
Nash Equilibrium
A concept in game theory where players' strategies are in balance, and no player can benefit by changing their strategy unilaterally.
Dominant Firm Model
A market structure where one large firm controls the majority of the market share, influencing prices and output levels while smaller firms act as price takers.
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