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A newly evolved species may take over an ecological role or ecological niche that is already occupied, provided that the new species has:
Excess Capacity
Excess capacity occurs when a firm's actual production is less than its maximum possible output, often indicating underutilized resources or insufficient demand.
Perfect Competition
An economic model describing a market where no buyer or seller has the market power to influence prices, characterized by many participants and free entry and exit.
Profit Maximization
The process or strategy undertaken by a firm to generate the maximum possible profits with the available resources and market conditions.
Short-run Equilibrium
Describes a situation in a market where supply equals demand within a short period, without enough time for all factors of production to adjust.
Q20: Which process provides the genetic variability that
Q41: Which of the following is known as
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Q55: Which refers to the variations in rates
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Q68: Differentiate between macroevolution, microevolution, and speciation.
Q71: Figure 27-3 <br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8678/.jpg" alt="Figure 27-3