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What Are Negative and Positive Externalities? How Do They Affect

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What are negative and positive externalities? How do they affect supply and demand curves?


Definitions:

Genetic Difference

Variations in the DNA sequence among individuals or populations, which can result in different traits or susceptibilities to diseases.

Genetically Closed

Describes populations or species with little to no genetic exchange with others, leading to high genetic similarity within the group.

Arbitrary Category

A classification based on random choice or personal whim, rather than any reason or system.

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