1.Please describe what it means for a market to be at equilibrium. Is this something the markets strive for?

2.Which of the following below describes the most important consequence of private property rights?

A.Citizens can engage in specialization, doing what they do best

B.Citizens are able to engage in transactions that are mutually agreeable

C.Citizens can protect their intellectual property

D.Citizens are able to choose whatever enterprise or business they want to open