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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Market theories are said to have the happy consequence of getting individuals to think in more focused and analytical ways. Is this effect true for you? Give examples to illustrate.

To determine

Explain the advantages of the market theories that an individual thinks in more focused and analytical ways.

Explanation

According to the perspective of thinking, the effect may or may not be true. If its effect is true, then it would be explained as follows: suppose a businessman thinks to expand their business. In order to expand, it adopts different methods like increase in the size of the capital, increase in the number of workers, target new customer marketing, and so on...

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