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Which of the following is a correct statement about MacArthur and Wilson's island equilibrium model?
Agreement
A mutual understanding or arrangement between two or more parties, detailing the terms and conditions for their particular course of action.
Consideration
Something of value exchanged between parties in a contract, which is necessary for the agreement to be legally binding.
Promised
Something assured by one party to another, often relating to an action, service, or condition that will take place in the future.
Invitation To Treat
An offer to negotiate or an expression of willingness to discuss a potential contract.
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