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The primary difference between marginal revenue product for the perfect and imperfect competitor is
Sampling Distribution
The probability distribution of a given statistic based on a random sample, used for hypothesis testing.
Non-normal Populations
Populations that do not follow a normal distribution, which affects the choice of statistical methods used.
Independently
Without being influenced by others or by external factors; in statistics, refers to events that have no effect on the likelihood of other events occurring.
Sampling Distribution
The calculated probability distribution relevant to a specific statistic, achieved by random sampling.
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