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Is It Theoretically Possible for General Equilibrium to Be Attained

question 12

Essay

Is it theoretically possible for general equilibrium to be attained? Is it likely that general equilibrium will be attained? Explain.


Definitions:

Loyal Customers

Consumers who consistently prefer and choose a particular brand or product over others due to satisfaction, trust, or a positive experience.

Competitive Success

Achieving a leading position in the market by developing and executing strategies that outperform competitors.

Payback to the Customer

Refers to the benefits or rewards a company offers to its customers, often as a way to thank them for their loyalty or to encourage further business.

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, expressed as a ratio or percentage.

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