A State Set a Minimum Grade Point Average Requirement for Students

question 8

Multiple Choice

A state set a minimum grade point average requirement for students receiving financial aid starting in 2005 .A researcher compared college graduation rates before and after 2005 in both that state and other states in the region .This type of research is

• A)A natural experiment
• B)A cross- sectional study
• C)A case-control study
• D)A difference-in-differences study

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Definitions:

Price Discrimination

A pricing strategy where the same product or service is sold at different prices to different customers, based on market segment, purchase volume, or other factors.

Monopoly Markets

Markets in which there is only one supplier of a unique product or service, giving the supplier significant control over price and market conditions.

Perfectly Competitive Markets

Markets where there are many buyers and sellers, all products are identical, and no single buyer or seller can influence the market price.

Marginal Cost

The augmentation in complete cost associated with the production of an additional unit of a product or service.