Difference between monopoly and strong competition

Reference no: EM13968813

A study was carried out to ?nd out whether prices differed, on average, within three possible market conditions: monopoly, limited competition, and strong competition. The results were reported as F (2, 272) = 44.8. Further analysis reported that for the difference between monopoly and limited competition, F (1, 272) = 67.9 and for the difference between monopoly and strong competition, F (1, 272) = 71.3.10

a. What was the total sample size used?

b. Is the overall ANOVA statistically signi?cant?

c. Interpret the results of the further analysis. Explain.

Reference no: EM13968813

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