Which statement about balancing selection is correct? View Available Hint(s) Hint 1.opened hint What is balancing selection, and how does it differ from other forms of selection? Which statement about balancing selection is correct? When balancing selection occurs, no single phenotype has a distinct advantage over others in terms of fitness. When balancing selection occurs, all phenotypes have equal fitness. When balancing selection occurs, certain phenotypes are favored when they are common but not when they are rare. When balancing selection occurs, phenotype does not matter.