An Exercise Physiologist Has Designed Two Alternative Training Regimes Which

question 11

Essay

An exercise physiologist has designed two alternative training regimes which he hopes will enable middle distance runners to improve their times at the 800 metres.He wants to know which regime will work better.Design an experiment which will allow him to investigate this question.Assume that all the athletic coaches in a district are prepared to participate and assume that all athletes training with a particular coach will follow the same regime.Be sure to identify the factors,the levels,treatments,and response variable.

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Definitions:

Pure Monopolist

A market scenario where a single firm is the sole provider of a product or service, facing no competition.

Economies of Scale

Financial advantages that firms enjoy as a result of the size of their operations, causing the per-unit expenditure to typically reduce as the operation's scale increases.

Barriers to Entry

Factors that prevent or hinder new competitors from easily entering into an industry or market, including high startup costs, stringent regulations, or strong brand loyalty among consumers.

Pure Monopoly

An economic condition where a single firm dominates a market, with no competition and barriers to entry for others, influencing price and supply of its product or service.