Final answer:
Pre-synaptic inhibition involves receptors on the presynaptic neuron's axon terminals that prevent neurotransmitter release, reducing the postsynaptic neuron's action potential.
Step-by-step explanation:
Pre-synaptic inhibition is a process that involves the modulation of neurotransmitter release at the synapse. The receptors involved in pre-synaptic inhibition are located on the presynaptic neuron, specifically at the axon terminals where neurotransmitters are released. Neurotransmitters like GABA, which is inhibitory, bind to these receptors and prevent the release of other neurotransmitters into the synaptic cleft, thus reducing the action potential of the postsynaptic neuron.