(Answered) 1 why do we need microeconomics2 what makes perfect

Economics

1. Why do we need microeconomics?

2. What makes Perfect competitive firm efficient market?

3. Explain the elasticity of demand and taxes.

4. Explain increase demand and increase in quantity demanded.

5. What makes pure monopoly an inefficient market

6. Sole proprietorship and the market

7. Corporation and the market

8. Oligopoly and the market

9. What makes a Monopolistic competition different from pure competitive firm

10. How can you make an economic profit in business?

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