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Scientists have hypothesized that resource competition may facilitate sympatric speciation. These graphs illustrate two scenarios: graph A illustrates a normal distribution of both beak size and seed size, while graph B illustrates a normal distribution of beak size but a flat distribution of seed size. Which graph illustrates resource competition?
Price Discrimination
The strategy of selling the same product to different customers at different prices based on their willingness to pay.
Market Segmentation
The process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into subsets of consumers (known as segments) based on some shared characteristics.
Monopoly Power
The market dominance of a single supplier, often characterized by the ability to control prices and exclude competition.
Price Discriminate
The strategy of selling the same product to different customers at different prices based on willingness to pay, market segment, or conditions.
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