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7:27
Study.com
How Microeconomic Principles Affect Business Decisions
Principles of microeconomics can help guide business decisions by focusing on the behavior of individuals and firms rather than the larger market. Learn about the microeconomic decisions that must be made regarding wages, productivity, and utility.
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In this video, we'll explain the Basics of Microeconomics — one of the most important foundations of economics. You’ll learn how individuals, consumers, and firms make choices that shape the entire economy. 💡 In This Video, You’ll Learn: ✅ What is Microeconomics? ✅ Key Concepts – Demand, Supply, and Price Elasticity ✅ Types of Market Structures – Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition ✅ Why Microeconomics is Important for Consumers, Businesses, and Government ✅ Real-
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