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A researcher is studying a newly discovered gene that causes increased body weight in domesticated chickens. In a mainland population, the frequency of the A1 allele is 0.2, for this gene with two alleles. If 100 of these mainland chicken are transported on a ship to an isolated island with a population of 200 A1A1 chickens, 400 A1A2 chickens, and 400 A2A2 chickens, what would the frequency of the A1 allele in the admixed population?
Profit-Maximizing
A strategy or process employed by businesses to determine the price and output level that returns the highest profit.
Monopoly
A market structure characterized by a single seller who has exclusive control over the supply of a good or service, and where entry of new competitors is obstructed.
Perfect Competitor
An idealized market structure characterized by a large number of small firms, each being a price taker, with no single firm able to influence the market price.
Long Run
A period in economics where all factors of production and costs are variable, allowing complete industry adjustment.
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