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The "Fight or Flight" Response Is a Direct Result of Activation

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The "fight or flight" response is a direct result of activation of the


Definitions:

Pure Competition

A term synonymous with purely competitive industry, denoting a market scenario where numerous firms offer identical products, ensuring no singular entity can control the market price.

Monopolistic Competition

A market structure where many firms sell similar but not identical products, allowing for some degree of market power.

Oligopoly

A market structure characterized by a small number of firms that have significant control over market prices and where strategic interactions between the firms play a crucial role.

Pure Monopoly

A market structure characterized by a single seller that controls the entire supply of a unique product or service, with no close substitutes, giving them significant market power.

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