Consider the Competing Products Made by Apple (IPhone)and Samsung,for Example

question 68

Multiple Choice

Consider the competing products made by Apple (iPhone) and Samsung,for example.The innovation generated by these firms as a result of their intense rivalry is an example of

• A)covert collusion.
• B)constant returns to scale.
• C)exogenous technological change.
• D)endogenous technological change.
• E)decreasing marginal returns.

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Definitions:

Type II Error

The error that occurs when a false null hypothesis is not rejected, also known as a false negative.

P Value

In hypothesis testing, the probability that the observed data (or a more extreme) would occur if the null hypothesis were true.

Hypothesized Reason

A proposed explanation based on limited evidence as a starting point for further investigation or experiment.

Significance

The degree to which a result, difference, or relationship in data is not likely to occur by random chance.