Genetic Algorithms Are Sets of Computational Procedures That Conceptually Follow

question 6

Short Answer

Genetic algorithms are sets of computational procedures that conceptually follow steps inspired by the biological processes of ________.

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Definitions:

Collusive Behavior

An agreement among firms in a market to set prices or output levels to avoid competition, often considered illegal.

Marginal Cost

The money spent on producing another unit of a product or service.

Cartel

A coalition of suppliers or manufacturers aimed at preserving elevated price levels and reducing competitive pressures.

Marginal Cost

The upsurge in total expenditure associated with the fabrication of one further unit of a good or service.