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The Coase Theorem Asserts That, If Externalities Are Present and If

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The Coase theorem asserts that, if externalities are present and if private parties can bargain over the allocation of resources at no cost, then


Definitions:

Linkage Disequilibrium

The occurrence of alleles at various loci not distributing by chance within a population, frequently because they are located close to each other on a chromosome.

Genetic Basis

The foundation of traits, characteristics, and diseases as determined by the genetic information encoded in DNA.

Complex Traits

Traits that are influenced by multiple genes and often by environmental factors as well, showing continuous variation within a population.

Heritability

The percentage of variability in a specific characteristic within a population that is due to genetic inheritance.

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