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    Business
  3. Study Set
    Principles of Microconomics
  4. Exam
    Exam 12: General Equilibrium and the Efficiency of Perfect Competition
  5. Question
    Comment on the Following Statement
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Comment on the Following Statement

Question 7

Question 7

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Comment on the following statement. "Once general equilibrium is achieved this will result in a long-run equilibrium as well."

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First of all it is unlikely that general...

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