Examlex
If a researcher created two groups by assigning the first 30 people to show up to the experimental group and the last 30 to the control group, the process would violate the principle of:
Cournot Model
A model of oligopoly in which firms choose their output levels simultaneously, assuming the output of the rivals as given, to maximize their own profit.
Collude
To come to a secret understanding for a harmful purpose; conspiracy between firms to fix prices or otherwise restrict competition.
Tacit Collusion
A situation where firms in a market understand each other's behaviors and outcomes without direct communication, leading to a form of non-competitive equilibrium.
Antitrust Laws
Legislation enacted to prevent new monopolies from forming and police those that already exist to protect consumers and ensure fair competition in the marketplace.
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