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(Scenario II) Suppose the researchers of the study described in Scenario II increased the number of trials from 9 to 99. What potential order effect would be more likely to occur?
Existing Firms
Companies or businesses that are currently operating in the market, as opposed to new entrants or startups.
Competitive Price-searcher Market
A market where firms have some control over the prices they charge because their products are differentiated, leading them to actively search for competitive pricing strategies.
Product Quality
The measure of the inherent or assigned characteristics of a product that determine its value to the consumer, including durability, reliability, and performance.
Product Diversity
The range and variety of products and services offered by firms within a market or industry.
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