Question

define the 3 players of microeconomics​

Answer 1

Microeconomic concepts

• marginal utility and demand.
• diminishing returns and supply.
• elasticity of demand.
• elasticity of supply.
• market structures (excluding perfect competition and monopoly)
• role of prices and profits in determining resource allocation.

Answer 2

Answer:

Microeconomic concepts

• marginal utility and demand.
• diminishing returns and supply.
• elasticity of demand.
• elasticity of supply.

Explanation:

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