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Expressing Yourself and Satisfying Your Own Needs, Feeling Good About

question 23

Multiple Choice

Expressing yourself and satisfying your own needs, feeling good about this, and not hurting others in the process is known as _____.


Definitions:

Competitive Market Structures

Describes the organization and characteristics of markets, varying in the level of competition from perfect competition to monopoly.

Contestable Market Model

A theory suggesting that a market with free entry and exit can be competitive even if there are few firms, due to potential competition.

Greatest Efficiency

Greatest Efficiency is achieved when a system or process produces the maximum output with the least amount of wasted resources.

Dominant Strategy

In game theory, a strategy that is best for a player regardless of the strategies chosen by other players.

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