Do the Five Trees Shown in the Figure Represent the Same

question 3

Essay

Do the five trees shown in the figure represent the same or different relationships among the taxa numbered 1-4? Explain your answer.

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Definitions:

Walmart

An American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount that they actually do pay.

Equilibrium

The condition where supply and demand in the market are equal, leading to stable prices.

Consumer Surplus

The disparity in amounts between what is potentially spent by consumers and what is actually spent on a good or service.