We can write the Invisible Hand Property 1 as P = AC₁ = AC₂ = . . . = AC_N.

Name: We can write the Invisible Hand Property 1 as P = AC 1 = AC 2 = . . . = AC N .
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This statement is true. It expresses that the price (P) equals the product of the average cost (AC), the quantity produced by each firm (S1), the first player's action (U1), the first player's belief about the others' actions (B11), the observed outcome of others' play (S1U1B0), and this equation holds for all players (N).

We Can Write the Invisible Hand Property 1 as P