Enhancers Are Said to Be Cis- Acting

question 26

Essay

Enhancers are said to be cis- acting.What is meant by cis- acting,and what are enhancers?

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Definitions:

Market Power

The ability of a firm or group of firms to manipulate or control the price and supply of a product or service in the market.

Profit Maximizing

A strategy or process undertaken by a firm to achieve the highest possible profit from its operations.

Price

The amount of money required to purchase a product or service.

Price Elasticity Of Demand

Percentage change in quantity demanded of a good resulting from a 1-percent increase in its price.