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Identify and explain a source of bias in the study described. Then suggest how the bias might have been avoided.
-A popular news source published an article that included these statements: "Ethanol--the renewable, clean Source of fuel that will break our country's ties to foreign oil for good! Several studies, reported in a reputable Journal of science and technology, showed that, when burned, Ethanol released fewer toxic chemicals than Petroleum-based fuels. The Farmers Association financed much of the research."
Pure Monopolist
A market structure in which a single firm has complete control over the entire market for a product or service, with no close substitutes.
Marginal Cost
The overhead added by producing an extra unit of a product or service.
Profit-Maximizing
A strategy or approach taken by businesses to adjust their price and output levels to achieve the highest possible profit.
Seller
An individual or entity that offers goods or services to others in exchange for compensation.
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