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Briefly describe the two arguments that economists make to defend the practice of resale price maintenance.
Populations
In statistics, it refers to the entire group of individuals or items that is the subject of a study.
Categories
Categories refer to classes or divisions in a classification system that group items, ideas, or entities based on common characteristics or attributes.
Chi-squared Goodness-of-fit
Chi-squared Goodness-of-fit tests how well observed data matches the expected data distribution in categories.
Two Categories
A classification into two distinct groups or divisions based on specific criteria.
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