The study of a single firm and how it determines prices falls under the study of:
A)macroeconomics.
B)microeconomics.
C)economic growth.
D)fiscal policy.

Question

Quizplus · Accepted Answer

The study of a single firm and how it determines prices is a topic within microeconomics. Microeconomics focuses on individual consumers, producers, and markets, while macroeconomics looks at the overall performance of the economy as a whole. Economic growth and fiscal policy are also topics within macroeconomics and are not directly related to the study of a single firm determining prices.

The Study of a Single Firm and How It Determines