Consider the following statement: "In general, profit opportunities are rare. At any time, many people are searching for them, and as a consequence, few exist." Which type of market does this statement best describe?

A. efficient market

B. international market

C. closed market

D. open market

Question

Business

Andrew Parsons

26 August, 07:09

Consider the following statement: "In general, profit opportunities are rare. At any time, many people are searching for them, and as a consequence, few exist." Which type of market does this statement best describe?

A. efficient market

B. international market

C. closed market

D. open market

+5

Answers (1)

Know the Answer?

Ralph · Answer 1

A. efficient market

Explanation:

An efficient market is a market where all information related to the price available to everyone and price changes quickly according to the available information. for example the Stock exchange market, where everyone knows about the share price of listed companies and because of this same available information to everyone there is more fluctuations in price and quantity of products and leads to limited profit opportunities.

Consider the following statement: "In general, profit opportunities are rare. At any time, many people are searching for them, and as a consequence, few exist." Which type of market does this statement best describe?A. efficient marketB. international marketC. closed marketD. open market

Consider the following statement: "In general, profit opportunities are rare. At any time, many people are searching for them, and as a consequence, few exist." Which type of market does this statement best describe?

A. efficient market

B. international market

C. closed market

D. open market