Discuss if you agree or disagree with this statement and explain your position: Market equilibrium (price and quantity of equilibrium) is just a theoretical result. The real market equilibrium is different most of the time. So, firms should never use models to make production decisions.© BrainMass Inc. brainmass.com March 21, 2019, 10:36 pm ad1c9bdddf
Market equilibrium is real as supported by the views from Prenhall (2010), Estrada (2009), and Economics Junkie (2011).
Market equilibrium is not a theoretical concept but represents what is really happening in the real world. With the advances today in calculus, economists can use ...
Market equilibrium is a realistic model. The expert discuses if they agree or disagree with the statement and explains their position.