The study of how a single business firm sets its prices would fall under the study of:
A) macroeconomics.
B) microeconomics.
C) income distribution.
D) economic growth.

Question

Quizplus · Accepted Answer

Microeconomics is the study of individual decision-makers, such as individual consumers and firms, and how they interact in markets. The pricing decisions of a single business firm would fall under the scope of microeconomics.

The Study of How a Single Business Firm Sets Its