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What Is a Cookie? How Does It Help E-Commerce Websites

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What is a cookie? How does it help e-commerce websites?

Describe the impact of individual firm actions on total industry profits in a cartel situation.
Understand the concepts of quantity effect and price effect on firm profits resulting from changes in produced quantities.
Analyze the effect of additional production on market price and individual firm's profits in the context of marginal costs.
Describe how perfectly competitive market outcomes differ from those in oligopolistic markets with collusion.

Definitions:

External Validity

The extent to which the results of a study can be generalized to other situations and to other people.

Generalize

The process of applying the findings from a study to broader contexts, indicating the extent to which the results are applicable to other settings, populations, or times.

Experimenter Bias

A form of bias introduced by the expectations, beliefs, or preferences of the researcher conducting an experiment which can affect the outcome.

Online Experiments

Research studies conducted over the internet, allowing for the collection of data from a broad geographic distribution of participants.

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