Calculations have been performed to model the state populations of argon plasmas at electron densities at and above those required for the validity of coronal equilibrium. Both effective and explicit models have been used, and both are based on the same set of atomic cross sections. The effective model includes ground and singly excited states explicitly, while the effect of autoionizing states is accounted for by branching factors which describe their depopulation into the various non-autoionizing states. The explicit model considers both autoionizing and non-autoionizing states explicitly. The effective model requires a significantly reduced amount of computer time and memory. Good agreement between the two models can be obtained through moderate densities if the branching factors include electron density dependent terms which describe the collisional stabilization of each autoionizing state. The effective model breaks down as density is increased because the population of individual autoionizing states become significant. Results for both ionization balance and radiated power loss are presented.