Examlex
You and your neighbor have been contacted by Scarborough research to participate in a television usage study. You have been given a 'TV diary" to write down every time you watch television; you record the channel, the program, date and time of day, and the amount of time watched for two weeks. Your neighbor has had an electronic box attached to her television that automatically records the channel, date and time of day, and the amount of time each time the television is turned on. You are involved in a _________________, and your neighbor is involved in a ________ data collection procedure.
Deregulate
The process of removing or reducing government regulations or restrictions in an industry to allow for more freedom and competition.
Natural Monopoly
An industry in which economies of scale are so great that a single firm can produce the industry’s product at a lower average total cost than would be possible if more than one firm produced the product.
Horizontal Market
A market that appeals to a wide range of consumers across different industries or sectors.
Contestable Market
A market with no barriers to entry or exit, where a company's prices and output are constrained by the threat of new entrants or competition rather than by existing competitors alone.
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