Examlex
Put the stages of primary succession in their proper order. Start by writing the letter of the first stage next to number 1, and so on.
A. bushes appear
B. ferns and grasses become established
C. glaciers retreat
D. lichens erode rocks
E. mosses appear
F. soil is present
G. trees are established
first event _________
second event _________
third event _________
fourth event _________
fifth event _________
sixth event _________
seventh event _________
Economic Inefficiency
Economic Inefficiency occurs when resources are not allocated optimally, leading to waste or missed opportunities in the production or distribution of goods and services.
Oligopoly
A market structure characterized by a small number of firms which dominate the market, leading to limited competition.
First-Mover Advantage
In game theory, the benefit obtained by the party that moves first in a sequential game. A situation that occurs in a sequential game if the player who gets to move first has an advantage in terms of final outcomes over the player(s) who move subsequently.
Simultaneous Game
A strategic interaction (game) between two or more parties (players) in which every player moves (makes a decision) at the same time.
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