Based on DNA Evidence,of the Following Animals,whales Are Most Closely

question 28

Multiple Choice

Based on DNA evidence,of the following animals,whales are most closely related to

• A) sharks.
• B) sheep.
• C) horses.
• D) dogs.
• E) elephants.

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Definitions:

Competitive Markets

Market structures characterized by a large number of buyers and sellers, where no single participant has the power to significantly influence prices.

Long-Run Supply Curve

A graphical representation showing the quantities of a good a supplier is willing to produce and sell at different prices over a long period, without fixed inputs.

Constant Returns

A situation where increasing the amount of inputs in the production process proportionally increases the output, implying a linear relationship between inputs and outputs.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good changes as production increases.