The statement that a market in equilibrium leaves no unexploited opportunities for individuals is the
A) Cost-Benefit Principle.
B) Scarcity Problem.
C) Efficiency Principle.
D) Equilibrium Principle.
E) Principle of Comparative Advantage.

Question

Quizplus · Accepted Answer

The statement that a market in equilibrium leaves no unexploited opportunities for individuals is known as the Equilibrium Principle. This principle states that in a market where supply and demand are balanced and prices have stabilized, there are no opportunities for individuals to make a profit by exploiting imbalances in the market. Therefore, option D is the correct answer.

The Statement That a Market in Equilibrium Leaves No Unexploited