The Advantage of Probability Over Non-Probability Sampling Is That the Researcher

question 50

Multiple Choice

The advantage of probability over non-probability sampling is that the researcher can 1-state how much variation is introduced because a sample is used instead of a census. 2-explicitly identify possible biases. 3-demonstrate the representativeness of a sample.

• A)1
• B)2
• C)3
• D)2 and 3
• E)1, 2, and 3

---

Definitions:

Elastic Demand

A market condition where the quantity demanded of a good or service significantly changes in response to a change in price.

Oligopolist X

A firm operating in an oligopoly market structure, characterized by a small number of firms dominating the market.

Marginal Revenue

The additional income generated from selling one more unit of a good or service.

Cartel Success

The effectiveness of a cartel, a group of independent market participants who collude to raise prices and restrict output, in achieving its objectives of maximizing the profits of its members.