Examlex
A monopolist will choose to increase output when:
Effect
The outcome or result that is produced by a cause under study.
Type I Error
The mistaken dismissal of a valid null hypothesis, commonly known as a "false positive."
Significance Level
The probability of rejecting the null hypothesis in a statistical test when it is actually true; often denoted by alpha.
Effect Size
A quantifiable measure of the magnitude of the difference between groups or the strength of a relationship in research findings.
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