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Discuss the argument: ‘The attainment of equilibrium in a market depends entirely on the ability to measure marginal utility. Since this cannot be done, equilibrium in a market can never be achieved.’
Economics 9708 · AS & A Level · Utility and rational consumer behaviour
Discuss the argument: ‘The attainment of equilibrium in a market depends entirely on the ability to measure marginal utility. Since this cannot be done, equilibrium in a market can never be achieved.’