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Use the following information when answering the corresponding question(s).
The shade avoidance response is a plant's way of changing its growth pattern when it is being shaded by another plant.Upon exposure to shade,many plants will grow taller,flatten their leaf angle,and extend their leaves further from their stems in order to reach full sunlight.Research performed by Pierik et al.(Interactions between ethylene and gibberellins in phytochrome-mediated shade avoidance responses in tobacco.2004.Plant Physiology 136:2928-36;online at http://www.plantphysiol.org/cgi/content/full/136/2/2928)examined the role of ethylene and gibberellins on the shade avoidance response in tobacco plants.The shade avoidance response is known to involve phytochromes.
-Refer to the paragraph on the research done by Pierik et al.Ethylene's role in the shade avoidance response in tobacco plants is related to its role in fruit ripening,leaf abscission,and senescence.
Economic Profits
The difference between total revenue and total costs, including both explicit and implicit costs, reflecting surplus value created in productive activities.
Mutual Interdependence
A situation in oligopoly markets where the actions of one firm significantly affect the outcomes and decisions of other competing firms.
Pricing Strategy
The approach a business takes to setting the price of its products or services, influenced by costs, competition, market demand, and other factors.
Kinked Demand
A market situation where a firm’s demand curve has a distinct bend, reflecting different elasticity above and below the market price.
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