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Home > Principles of Microeconomics (Video) > Minimization of Total Industry Costs of Production
Podcast: Principles of Microeconomics (Video)
Episode:

Minimization of Total Industry Costs of Production
Category: Education
Duration: 00:09:05
Publish Date: 0000-00-00 00:00:00
Description: This section connects several ideas covered in previous videos about the price system and profit maximization. In this video, we begin to understand two basic functions of the Invisible Hand. In competitive markets, the market price (with the help of the...
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