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Invisible hand property 1 says that even though no actor in a market economy intends to...

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Economics

Invisible hand property 1 says that even though no actor in a market economy intends to do so, in a free market P = MC1 = MC2 = … = MCn and, as a result, the total costs of production are minimized. Does this mean that each firm has the same marginal cost curve as that of every other firm? Group of answer choices Yes, each firm has the same marginal cost curve. No, marginal cost curves are very likely different among firms.

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