Question

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

Answer 1

Answer:

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.