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A new screening test for Lyme disease is developed for use in the general population. The sensitivity and specificity of the new test are 60% and 70%, respectively. Three hundred people are screened at a clinic during the first year the new test is implemented. (Assume the true prevalence of Lyme disease among clinic attendees is 10%.) The predictive value of a positive test is:
Antitrust Laws
Legislation enacted to prevent anti-competitive practices, monopolies, and to promote fair competition for the benefit of consumers.
Market Share
The portion of total sales in a market captured by a specific company, product, or brand, usually expressed as a percentage.
Monopolistic Competition
A market structure characterized by many sellers offering differentiated products, leading to competition that is neither purely competitive nor purely monopolistic.
Oligopoly
A market structure characterized by a small number of firms dominating the market, which can limit competition and lead to higher prices.
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Q14: A new screening test for Lyme disease
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