If, in a particular market, all unexploited opportunities have been realized, one can conclude that:
A)government regulation has proven successful.
B)the market is in equilibrium.
C)demanders are unable to find adequate amounts of the good.
D)excess demand is present.

Question

Quizplus · Accepted Answer

If all unexploited opportunities have been realized, it means that the market has reached a state of equilibrium where all supply and demand are balanced, and there are no further unexplored opportunities to be taken advantage of. Therefore, the correct answer is B. It does not necessarily imply anything about government regulation, excess demand, or inadequate amounts of goods.

If, in a Particular Market, All Unexploited Opportunities Have Been