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Alexia,Sasha,and Derek have each inherited curly hair from their father.Alexia has wavy hair,Sasha has medium coils,and Derek has tight curls.The variance in the amount and type of curly hair among the children is an example of ________ in genetic inheritance.
Pure Monopolists
Entities that entirely dominate an industry or sector, with no competition due to unique products, control of resources, or significant barriers to entry.
Price Takers
Entities in a market that accept the prevailing prices for its goods or services, having no power to influence the market price.
Demand Curves
A graphical representation of the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping, indicating that demand decreases as price increases.
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