Question

Explain the scope of microeconomics.,​

Answer 1

Answer:

Microeconomics is defined as the study of individuals, households and firms' behavior in decision making and allocation of resources. The scope and subject matter of microeconomics is as follow: 1. Product Pricing. The main principle in microeconomics is product pricing or price mechanism.

Answer 2

Answer:

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Explanation:

Refer To The Attachment!