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December 21, 2014

Homework Help: Economics/Social Studies

Posted by Camilla on Tuesday, March 17, 2009 at 6:17pm.

Please help me with this it's about the invisible hand here's the question.

Two family-style restaurants are located in the same city block. I oreder to stay competitive, the prices are kept low and the quality of the food and service is excellent. Is the 'invisible' hand principle at work in this scenario?

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