Explain Why You Cannot Imply a Cause and Effect Relationship

question 73

Essay

Explain why you cannot imply a cause and effect relationship from data of a correlational study.

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Definitions:

Generational Cohort

A classification of people based on their birth years, sharing similar attitudes, experiences, and values.

Sherman Antitrust Act

is a landmark federal statute in the U.S passed in 1890 that prohibits certain anti-competitive business activities and requires the federal government to investigate and pursue trusts.

Clayton Act

A U.S. antitrust law enacted in 1914, aimed at promoting competition and preventing monopolies by prohibiting anti-competitive practices.

Oligopoly

A market structure characterized by a small number of firms controlling the majority of the market share, leading to limited competition.