What does microeconomics primarily examine?
A) the behaviour of firms and how they interact with each other in the marketplace
B) the overall economy, especially fiscal and monetary policy
C) the behaviour of households but not firms
D) the behaviour of both firms and households and how they interact in the marketplace

Question

Quizplus · Accepted Answer

Microeconomics primarily examines the behaviour of both firms and households and how they interact in the marketplace. While it does look at individual behaviour of firms, it also considers the behaviour of individuals and households in making economic decisions.

What Does Microeconomics Primarily Examine