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It is possible, through careful consideration of economic principles and interactions, to reach a state of equilibrium in practice.
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Economic equilibrium is a theoretical ideal; in the real world markets face changing conditions, frictions, imperfect information and externalities, so exact equilibrium is rarely (if ever) achieved—though markets may approximate it.
Economic equilibrium is a theoretical ideal; in the real world markets face changing conditions, frictions, imperfect information and externalities, so exact equilibrium is rarely (if ever) achieved—though markets may approximate it.
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