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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Essentials Of Economics

ISBN: 9781429218290

2nd Edition

Authors: Paul Krugman, Robin Wells, Kathryn Graddy

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