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If the maximised value of the log-likelihood function for a logit model is 34.55 and for a restricted model where all of the slope parameters are set to zero is 30.67, what is the pseudo-R2?
Suppliers
Entities or individuals that provide goods or services to a market, contributing to the available supply.
Oligopoly
A form of industry (market) structure characterized by a few dominant firms. Products may be homogeneous or differentiated.
Differentiated Products
Goods or services that are distinct from others based on quality, features, and branding to compete in the market.
Industry Entry
The process by which new companies or businesses begin to compete in an existing market.
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