What Do Economists Mean by the Term "Market Structure

question 30

Essay

What do economists mean by the term "market structure?"

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Definitions:

Disinhibition

The process by which a suppressed behavior is re-expressed following the removal or reduction of inhibition or restraint.

Habituation

The psychological process where there is a decrease in response to a stimulus after being repeatedly exposed to it, signifying a form of learning or adaptation.

Sensitization

A process by which a person becomes increasingly responsive or sensitive to a stimulus after repeated exposure to it.

Higher-order Conditioning

A form of learning in which a stimulus is first made meaningful or significant through classical conditioning and then that stimulus is used as a base for learning about additional stimuli.