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The recent hominin fossil finds from Ileret,Kenya,negate the conventional view held since 1960 that H.habilis and H.erectus evolved one after the other.Instead,they lived side by side in eastern Africa for perhaps half a million years.
Demand Schedule
A table that shows the quantity demanded of a good or service at different price levels, illustrating the relationship between price and demand.
Corn Industry
The sector of the economy involved in the production, processing, and distribution of corn and corn-related products.
Excess Profits
Profits that exceed the normal expected return on investment, often occurring in industries with little to no competition.
Perfectly Competitive Industry
An industry structure where many firms sell identical products, entry and exit are easy, and no single seller controls the market price.
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