A Major Difference Between a Field Experiment and a Laboratory

question 41

Multiple Choice

A major difference between a field experiment and a laboratory experiment is that

• A) Mundane realism is higher in a field experiment.
• B) The levels of the independent variable cannot be controlled by the experimenter.
• C) The results on the dependent variable are less predictable due to the variable behaviours of participants in a real-life setting.
• D) Participants are unaware of their involvement in a psychology experiment.
• E) Psychological realism is lower in a field experiment.

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Definitions:

Stackelberg Duopoly

A model of imperfect competition in which one firm sets its output first, influencing the market response of the other firm.

MR

Marginal Revenue, which is the increase in revenue that results from the sale of one additional unit of a product or service.

Marginal Cost

The cost added by producing one additional unit of a product or service, which is crucial for decision-making on production levels.

First-Move Ability

The strategic advantage gained by being the initial entrant into a new market or business segment.