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 the Equilibrium Principle. This principle states that when a market is in equilibrium, both buyers and sellers are satisfied with the price and quantity exchanged, and there are no unexploited opportunities for individuals to gain further benefit from the market. Therefore, choice D is the correct answer.

The Statement That a Market in Equilibrium Leaves No Unexploited