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

question 101

Multiple Choice

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.

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Definitions:

Assignor

A person or entity who transfers obligations along with rights to another party in the context of a legal agreement.

Assignee

A person, company, or entity who is transferred the rights or interests of another's contract or property.

Privity of Contract

A legal principle that asserts a contract cannot bestow rights or impose obligations on any person who is not a party to the contract.

Intended Beneficiary

A third party to a contract whom the contracting parties intended to benefit directly from their contact.