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What Are Incentive Contracts? Explain Why and When a Buyer

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What are incentive contracts? Explain why and when a buyer writes an incentive contract.

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Definitions:

Zygotes

The initial cell formed when two gamete cells (e.g., sperm and ovum) are fused, representing the earliest developmental stage of many organisms.

Plasmids

Circular DNA molecules separate from the chromosomal DNA, often found in bacteria, that can replicate independently and carry genes beneficial for survival.

Chromatids

The two filamentous structures, split longitudinally from a chromosome during cellular division, each embodying a DNA double helix.

Capsids

Capsids are the protein shells that enclose the genetic material of viruses, providing protection and aiding in the transmission of the viral genome between hosts.

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