Examlex

Solved

Niceville, Ohio, Only Has Two Dentists, While the Surrounding Communities

question 21

Essay

Niceville, Ohio, only has two dentists, while the surrounding communities have many more on a per capita basis. The demand for dental services is such that these two dentists could agree to raise their prices (they play golf together every Saturday) and earn economic profit. Instead, they choose to price competitively and earn what other dentists earn. What might explain this?


Definitions:

Survival

The continuation of life or existence, especially under challenging conditions or when faced with threats.

Birth Weight

The weight of a baby immediately after birth, an important indicator of a newborn's health and development potential.

Selection

The process by which certain traits become more prevalent in a population because they confer a survival or reproductive advantage.

QTL Association Studies

Quantitative Trait Loci (QTL) association studies are research methods used to identify the genetic locations associated with specific quantitative traits in organisms, such as height, weight, or disease susceptibility.

Related Questions