If There Are a Large Number of Sellers in a Market

question 92

Multiple Choice

If there are a large number of sellers in a market,

• A)it is difficult for firms to cheat on a collusive agreement
• B)a cartel is unlikely to break down
• C)prices are higher than in smaller markets
• D)a cartel is likely to break down
• E)perfect competition occurs in the long run

---

Definitions:

IRB Review

The process wherein an Institutional Review Board evaluates research proposals to ensure ethical standards are met, particularly in regard to participant safety and consent.

Common Rule

The Federal Policy for the Protection of Human Subjects. Shared standards adopted by federal agencies for the protection of human research subjects.

Belmont Report

A foundational document in the ethics of human subjects research, outlining respect for persons, beneficence, and justice as key principles.

Common Rule

A set of ethical principles for protecting human subjects in research, widely adopted by research institutions in the United States.