Invisible hand property 2 says that entry and exit decisions not
only work to eliminate profits...
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Economics
Invisible hand property 2 says that entry and exit decisions not
only work to eliminate profits and losses (the elimination
principle), they work to ensure that labor and capital move out of
low-value industries and into high-value industries so that the
total value of all production is maximized. Is this a proposition
about what happens in the short run or the long run? Group of
answer choices It’s about what happens in the short run. It’s about
what happens in the long run.
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