The invisible hand theory shows how resources are moved in, Ask an Expert

Economics

The Invisible Hand theory shows how resources are moved in and out of markets or industries.

A. State what would attract 1) more resources (sellers) into a certain market, 2) what would cause sellers to leave a market?

B. Long-term, in perfectly competitive markets, what will be true about 1) the economic profit and 2) Price (P) and Average Total Cost (ATC).

C. Is this situation acceptable for sellers?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91857641

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