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In what type of habitat, or under what types of environmental conditions, would you expect adaptive radiation to occur?
Explicit Costs
Directly incurred expenses in the operation of a business, such as wages, rent, and materials.
Entrepreneurial Talent
The unique set of skills, knowledge, and attitudes possessed by individuals that enable them to create, innovate, and manage businesses effectively.
Production Costs
The total expenses incurred in the manufacturing or production of goods, including labor, materials, and overhead.
Opportunity Cost
The amount of other products that must be forgone or sacrificed to produce a unit of a product.
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