Question

*(1) Explain the features of microeconomies
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Answer 1

Answer:

Microeconomics is based on the principle of marginalism as important economic decisions are based on the marginal unit. vii. Analysis of market - Microeconomic studies deals in the study of different market structure namely, perfect competition, monopoly, monopolistic competition, oligopoly.

Explanation:

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Answer 2

Answer:

Microeconomics is based on the principle of marginalism as important economic decisions are based on the marginal unit. vii. Analysis of market - Microeconomic studies deals in the study of different market structure namely, perfect competition, monopoly, monopolistic competition, oligopoly.

Explanation:

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