Examlex
When using maximum likelihood to determine the locations of genes that influence traits, the ratio of two different probabilities was calculated for each marker location.
Widespread Costs
Expenses that impact a large sector of the population or numerous aspects of an economy, often relating to public policies or externalities.
Benefits Accrue
The accumulation of advantages or positive results over time from an action or investment.
Purely Competitive
A market structure characterized by many participants offering identical products, where no single buyer or seller can influence the market price.
Economic Profits
The excess of total revenue over total costs, including both explicit and implicit costs, as calculated in economic theory.
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