What Is Meant by the Term "Long-Run Competitive Equilibrium

question 7

Essay

What is meant by the term "long-run competitive equilibrium"?

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Definitions:

Recessive Genes

Genes that are not dominant and can be masked by the presence of dominant genes, requiring two copies, one from each parent, for the trait to be expressed.

Meiosis

The form of cell division in which each pair of chromosomes splits and one member of each pair moves to the new cell. As a result, each new cell has 23 chromosomes.

Sex Chromosomes

Chromosomes that determine an individual's biological sex, typically presented as XX for females and XY for males in humans, affecting the development of sexual characteristics.

Adoption

The legal process by which a person becomes the lawful parent of a child who is not their biological offspring, providing the child with a new permanent family.