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How is continuous variation consistent with Mendelian inheritance?
Initial Endowment
In economic theory, refers to the initial quantities of various assets or goods that an individual or entity possesses.
Competitive Equilibrium
A market state where supply equals demand, and no economic actors have the incentive to change their behavior.
Demand Equals Supply
A market equilibrium condition where the quantity of a good or service demanded by consumers equals the quantity supplied by producers.
Numeraire
A unit of account or standard measure in economics used to compare the value of goods or services.
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