Use This Figure to Answer the Following Questions

question 25

Multiple Choice

Use this figure to answer the following questions.

-Which extinct species should be the best candidate to serve as the outgroup for the clade whose common ancestor occurs at position 2 in the above figure?

• A)A
• B)B
• C)C
• D)D

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Definitions:

Product Differentiation

The strategy of distinguishing a product from others in the market by emphasizing its unique features, benefits, and attributes.

Size Distribution

Refers to the variation in size among entities in a population, such as companies within an industry or incomes among individuals.

Market Power

The ability of a company or entity to influence the price or terms of products in the market to its advantage, often because of its size or market share.

Contestable Markets

Markets where entry and exit are costless or very low, making the market susceptible to potential competition.