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What is necessary for a firm to be part of a perfectly contestable market?
Self-determinism
The philosophy or belief that individuals have the power to control their own destiny and make choices independent of external control.
Humanistic Theories
A psychological perspective emphasizing personal growth, self-actualization, and the inherent goodness of people.
Psychological Distress
A state of emotional suffering characterized by symptoms of depression and anxiety, often triggered by stress or significant life changes.
Self-actualization Needs
The highest level in Maslow's hierarchy of needs, referring to the realization of a person's potential, self-fulfillment, seeking personal growth and peak experiences.
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