The Idea That Evolution Proceeds in Small,incremental Changes Over Many

question 43

Multiple Choice

The idea that evolution proceeds in small,incremental changes over many generations is

• A) temporal isolation.
• B) gradualism.
• C) punctuated equilibrium.
• D) hybrid breakdown.
• E) mechanical isolation.

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Definitions:

Monopolistic Competition

A market structure characterized by many firms offering products that are similar but not identical, allowing for slight differentiation among them.

Long-Run Equilibrium

A state in which all factors of production and costs are variable, and economic agents have fully adjusted to any economic changes.

Perfect Competition

A market structure characterized by a large number of buyers and sellers, freely entering or exiting the market, selling identical products.

Average Total Cost

The total cost of production divided by the quantity produced, encompassing both fixed and variable costs.