What is the significance of the invisible hand'' in a competitive market?

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What is the significance of the "invisible hand'' in a competitive market?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 04:57 AM

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What is the significance of the invisible hand'' in a competitive market?

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In a longrun equilibrium a competitive market allocates resources effi...View the full answer

Microeconomics

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