A Company Develops a New Innovative Technique That Improves Efficiency

question 25

True/False

A company develops a new innovative technique that improves efficiency within the industry. This improvement of performance through innovation causes the efficiency frontier to remain static and not deviate from its original curve.

---

Definitions:

Quasi-Experimental Designs

Research designs that approximate the control features of true experimental designs but lack random assignment to treatment and control groups.

Types

Distinctive categories or varieties of objects, individuals, or phenomenons characterized by specific common features.

Experimental Control

A component of scientific experiments where variables are kept constant to accurately assess the effect of the independent variable on the dependent variable.

Random Assignment

A method used in experiments to distribute participants randomly across various groups to ensure each group is similar at the start of the experiment.