Examlex
Which of the following are not exempt from IRB review under federal guidelines?
Profitably Exploit
Involves leveraging resources or opportunities in a way that maximizes profit.
Buyer Surplus
The difference between what consumers are willing to pay for a good or service versus what they actually pay.
Seller Surplus
The difference between the actual selling price of a good and the seller's minimum acceptable price.
Market Distortions
Economic situations caused by inefficiencies or interventions that lead to prices not reflecting true supply and demand.
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