Passive Electroreception Is the Ability to Generate Electric Fields and Then

question 29

True/False

Passive electroreception is the ability to generate electric fields and then detect disturbances or changes to those electric field caused by external events.

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Definitions:

Profit-maximizing

The process of adjusting production and pricing strategies to achieve the highest possible profit from the sale of goods and services.

Short Run

A time period in economics during which at least one input is fixed and cannot be changed.

Economic Profit

The difference between total revenue and both explicit and implicit costs; the profit that exceeds the opportunity cost of resources.

Perfectly Competitive Markets

Markets in which no individual buyer or seller has any significant impact on prices and products are perfect substitutes.