Which of the Following Is True of Greater Than Minimal

question 4

Multiple Choice

Which of the following is true of greater than minimal risk research?

• A)It requires full IRB review and special ethical procedures may be imposed.
• B)It involves conducting anonymous surveys and cognitive aptitude tests.
• C)It puts participants at risk that is similar to those encountered in daily life.
• D)It is, in most cases, exempt from review and therefore called exempt research.

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Definitions:

Monopoly Outcome

A market situation where a single firm dominates production and sales, leading to potential inefficiency and higher prices.

Nash Equilibrium

A situation in which economic actors interacting with one another each choose their best strategy given the strategies that all the other actors have chosen.

Price Effect

The impact that a change in the price of a good or service has on consumer demand for that good or service.

Oligopoly

A market structure characterized by a small number of firms that control the majority of the market share, leading to limited competition.