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Selection has obviously affected the frequency of alleles for sickle cell hemoglobin and perhaps the frequencies for cystic fibrosis. What factors might be responsible for inter-population differences in other alleles such as the ABO system?
Oligopoly
Defines a market structure characterized by a small number of firms dominating the market, leading to limited competition.
Brand Loyalty
Occurs when a consumer buys the same brand’s product or service repeatedly over time rather than buying from multiple suppliers within the same category.
Demand Curve
Represents a graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices, usually downward sloping.
Price Elasticity
The measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a ratio.
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