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Author Question: The concept of "the invisible hand" suggests that (Read 73 times)

vinney12

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on: May 24, 2019
The concept of "the invisible hand" suggests that
◦ products are produced out of a seller's sense of charity.
◦ when the seller is better off, the buyer is worse off.
◦ sellers exploit consumers with high prices.
◦ buyers and sellers are self-interested.
◦ the command system is the only way of efficiently allocating resources.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by vinney12 on May 24, 2019

efwsefaw

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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vinney12

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Reply #2 on: May 24, 2019
Thank you!


efwsefaw

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Reply #3 on: May 24, 2019
Always glad to help...


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