How Do Quantitative Research and Qualitative Research Differ

question 20

Multiple Choice

How do quantitative research and qualitative research differ?

• A) they generate different types of data
• B) they rely on different nonscientific ways of knowing
• C) one type involves data collection while the other does not
• D) one type relies on hypotheses while the other relies on predictions

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Definitions:

Firm's Profit

The financial gain achieved by a company, derived from its revenues after subtracting all expenses.

Nash Equilibrium

A state in strategic interactions where each participant's chosen strategy leaves them with no incentive to deviate, given the choices of others.

Cournot Model

A economic model describing an industry structure in which companies compete on the quantity of output they decide to produce, assuming their rivals' decisions are fixed.

Bertrand Model

An economic model of competition among firms, where firms choose prices rather than quantities to compete.