In Your Opinion,why Should Humans Be Concerned with the Causations

question 79

Essay

In your opinion,why should humans be concerned with the causations of past extinction events?

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Definitions:

Kinked-Demand Curve

A demand curve that has a distinct bend or "kink" at a certain price level, often used to describe price stability in oligopolistic markets.

Highly Elastic

Refers to a market condition where the demand or supply for a product responds very significantly to changes in its price.

Highly Inelastic

Describes a situation where the quantity demanded or supplied of a good changes by a very small amount in response to changes in price.

Monopolistically Competitive

A market structure characterized by many firms selling similar but not identical products, with some control over prices.