Documents ©2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to...

Slide 1 Slide 2 ©2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. C…

Documents The Nature of the Firm

Invisible Hand The use of market (price) mechanism in allocating resources or goods. Buyers and sellers trade directly with each others. P Q S D Visible hand The use of the…