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One of the many differences between quasi-experiments and true experiments is that
Competing Firms
Businesses that operate in the same market, offering similar products or services, and vie for the same consumer base.
External Benefit
A benefit gained by individuals or society that is not reflected in market transactions, often associated with positive externalities.
Third Party
In the context of transactions, a third party is an entity besides the two primary parties involved, often providing an additional service or playing a regulatory role.
More Pay
Refers to an increase in the amount of money an employee receives for their work, either through raises, bonuses, or overtime compensation.
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