According to the Concept of Punctuated Equilibrium

question 54

Multiple Choice

According to the concept of punctuated equilibrium,

• A) natural selection is unimportant as a mechanism of evolution.
• B) given enough time, most existing species will branch gradually into new species.
• C) a new species accumulates most of its unique features as it comes into existence.
• D) evolution of new species features long periods during which changes are occurring, interspersed with short periods of equilibrium, or stasis.
• E) transitional fossils, intermediate between newer species and their parent species, should be abundant.

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Definitions:

Natural Monopoly

A market condition where due to high fixed costs or unique product, a single supplier is most efficient in serving the entire market demand.

Single-Firm Production

The manufacturing or creation of products by one company, without relying on external firms for major components or processes.

Local Phone Market

The segment of the telecommunications industry that deals with providing telephone services within a specific geographic area.

Complete Monopolies

Situations where a single firm or entity has exclusive control over the supply of a particular good or service, with no close substitutes available.