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Yellow-eyed salamanders have been cited as an example of Batesian mimicry; their orange body color and yellow eyes mimic the coloration of the toxic California newt. Although the salamanders are palatable, their mimicry of a nonpalatable species tends to prevent predators from attacking. In a follow-up study, Kuchta et al. observed the reaction of Western scrub jays (predators with toxic newt experience) when presented with both a yellow-eyed salamander and a closely related species after being presented with a toxic newt. What was significant about this study?
Property Rights
Legal rights to possess, use, and dispose of assets including real estate, intellectual property, and tangible goods.
Economic Efficiency
A measure of how well scarce resources are utilized for producing goods and maximising the satisfaction or utility of consumers.
Market Equilibrium
A condition where the supply and demand in the market equilibrate, leading to stable prices.
Economic Efficiency
The optimal allocation of resources to maximize the production of goods and services, achieved when no further gains can be made without disadvantages.
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