Failure to Follow the Treatment Protocol Means That

question 26

Multiple Choice

Failure to follow the treatment protocol means that

• A)the OLS estimator cannot be computed.
• B)instrumental variables estimation of the treatment effect should be used where the initial random assignment is the instrument for the treatment actually received.
• C)you should use the TSLS estimator and regress the outcome variable Y on the initial random assignment in the first stage to get predicted values of the outcome variable.
• D)the Hawthorne effect plays a crucial role.

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Definitions:

Price Points

Specific prices at which goods or services are marketed to cater to different segments of consumers or to trigger purchase decisions.

Market Segments

Distinct groups within a broader market that have shared characteristics, needs, or preferences, targeted differently by marketers.

Break-even Chart

A graphical representation showing the point at which total costs and total revenues are equal, indicating no net loss or gain.

Fixed Costs

Fixed costs are expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.