Economy, asked by swati8113, 8 months ago

do you agree with this statement and give reason. 1. the scope of microeconomics is limited

Answers

Answered by arpitravi34

2

Explanation:

Microeconomics is not only concerned with analyzing economic condition but also with the maximization of social welfare. It studies how given resources are utilized to gain maximum benefit under various market conditions like monopoly, oligopoly, etc.

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