If competitive equilibrium defined as a situation in which prices are such that all arbitrage profits are eliminated, is it possible that a competitive economy always be in equilibrium?
H/T noahpinionblog.blogspot.com
If competitive equilibrium defined as a situation in which prices are such that all arbitrage profits are eliminated, is it possible that a competitive economy always be in equilibrium?
H/T noahpinionblog.blogspot.com
