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15 June, 09:58

What do economists mean when they say firms are searching for a new equilibrium?

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  1. 15 June, 13:38
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    When a firm is searching for a new equilibrium it's likely they are wanting to find a new number to base their quantity demanded off of to equal what they supply. It would be ideal for a firm to have an equilibrium because they are able to service each customer exactly what they want and they aren't eating the costs of products that are not selling.
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