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Figure 16-6
Watanabe Sensei operates the only martial arts school in Hartfield.For simplicity, assume that consumers have identical demand curves and that Sensei knows what this demand curve is.Figure 16-6 shows this demand curve.
-Refer to Figure 16-6.If Sensei acts as a monopolist, his profit-maximizing price is ________ and the number of classes sold is ________.
Ex Post Facto Design
A research approach that examines the effects of an independent variable on a dependent variable after the events have occurred.
Focus Groups
Structured group discussions used to gather participants' attitudes, feelings, beliefs, and reactions to a specific subject or area of interest.
Experiments
Research procedures carried out under controlled conditions and based on the technique of manipulating one or more variables in hopes of observing an effect. Typically, an experimental condition is applied to one group, and the results are compared with those from another group (control group) that has had no experimental treatment.
Operationalization
The process of defining a fuzzy concept so as to make the concept measurable and to understand it in terms of empirical observations.
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