2. Microeconomics is the branch of economics that studies how people make decisions and how these decisions
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2. Microeconomics is the branch of economics that studies how people make decisions and how these decisions interact. Market failure occurs when the individual pursuit of self-interest leads to bad results for society as a whole.
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Related Book For
Essentials Of Economics
ISBN: 9781429218290
2nd Edition
Authors: Paul Krugman, Robin Wells, Kathryn Graddy
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