Describe an inducible Operon.

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In an inducible operon, binding of proteins to either activate or repress transcription depends on the need of the cell. It has both positive and negative regulation.  
e.g. Lac operon. 

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In case of inducible operon (as in lac operon), proteins? bind to either activate or repress transcription depending upon the need of the cell.? It has both positive and negative regulation.
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