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Peppered Moths Are Generally Light in Color and Blend into the Trunks

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Peppered moths are generally light in color and blend into the trunks of the trees on which they live.Populations of peppered moths found in areas where soot has blackened the tree trunks are dark in color.This example demonstrates


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Market Power

The ability of a firm or group of firms to influence the price of goods or services in the market, often by controlling supply, market share, or technology innovations.

Utility Company

A company that provides essential services such as electricity, water, and natural gas to consumers and businesses.

Grocery Store

A retail establishment selling food and other household goods. Often considered an essential service providing everyday necessities to the public.

External Cost

Costs of a transaction or activity that affect parties who did not choose to incur that cost, often referred to in the context of negative externalities in environmental economics.

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