Microeconomics is the study of .

Name: Microeconomics is the study of .
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Question

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Microeconomics focuses on the choices that individual people and businesses make, rather than studying the entire global or national economy. It examines how individuals and firms allocate resources, respond to incentives, and interact with each other in markets. While scarcity is a fundamental concept in microeconomics, it is not the sole focus of the field.

Microeconomics Is the Study of