The Invisible Hand Property 2 suggests that: O profits across competitive industries will be identical. unprofitable industries will grow at the expense of other more profitable industries. O capital and labor can move only within a given industry. profits across competitive industries will be different.
The Invisible Hand Property 2 suggests that: O profits across competitive industries will be identical. unprofitable industries will grow at the expense of other more profitable industries. O capital and labor can move only within a given industry. profits across competitive industries will be different.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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