Examlex
A dog had been conditioned to salivate to the sound of a bell because of its association with the presentation of food.Later, when exposed to the bell without food for a long period, the dog eventually stopped salivating to the sound of the bell.What is this phenomenon known as?
Pure Competition
A market structure characterized by a large number of small firms, homogenous products, and easy entry and exit, leading to price taking behavior by all firms.
Oligopoly
A market structure dominated by a small number of large firms, offering similar or identical products, with significant barriers to entry for new competitors.
Internet Of Things
A network of physical objects embedded with sensors, software, or other technologies to connect and exchange data with other devices and systems over the internet.
Connectivity-Enabled Electronics
Electronic devices that are capable of connecting to the internet or other devices, enabling data exchange and remote control.
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