What Is Internal Validity and Why Does It Matter

question 31

Essay

What is internal validity and why does it matter?

Understand the role of concentration ratio in measuring market concentration.

Explain how the Five Forces Model helps analyze competition and profitability within an industry.

Describe the conditions for entry and exit in different market structures, including contestable markets.

Identify real-world examples of oligopolistic industries.

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Definitions:

High- and Low-Context Cultures

A concept in communication theory that differentiates cultures based on how much communication is implied through context rather than explicitly stated.

Low-Context

Low-Context refers to communication styles where messages are expressed explicitly, relying less on situational context and non-verbal cues, common in individualistic cultures.

High-Context

Pertains to cultures or communication styles where much of the message is conveyed through non-verbal cues and the context of the communication.

Low-Context Cultures

Cultures where communication is explicit, messages are direct, and understanding is based on verbal instructions rather than context.