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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

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