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What Are Transaction Costs? What Are Some Ways in Which

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What are transaction costs? What are some ways in which society reduces transaction costs?


Definitions:

Depolarization

A decrease in the charge difference across a plasma membrane; may result in an action potential in a neuron or muscle cell.

Squid Axon Experiments

Classic scientific experiments conducted to understand the properties of nerve cells by studying the giant axon of squid.

Alan Hodgkin

A British physiologist and biophysicist who, along with Andrew Huxley, elucidated the ionic mechanism underlying nerve impulse transmission, work for which they received the Nobel Prize.

Andrew Huxley

A British physiologist and biophysicist who won the Nobel Prize for Physiology or Medicine in 1963, for his work on the basis of nerve impulse transmission.

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