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You Experiment by Offering Free Warranties for Your Product in Market

question 16

Multiple Choice

You experiment by offering free warranties for your product in market A but not in market B.Sales in A rise from 240 to 360 units per week while sales in B rise from 410 to 430.The Difference-in-difference estimate of the effect of the free warranty is:


Definitions:

Postanesthesia Care Unit

A specialized hospital area where patients are monitored and recover from the effects of anesthesia following surgery.

Supine Position

A position where a person lies flat on their back with the face up.

Chest Expansion

The increase in chest size due to the movement of the ribs and diaphragm during inhalation.

Informed Consent

A process through which a patient voluntarily confirms their willingness to participate in a particular treatment, after having been informed of all the potential risks, benefits, and alternatives.

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