For consumers, microeconomics can help explain why goods are priced the way they are, and how to save money as a consumer. For investors, the rules of microeconomics can illustrate industry ...

Microeconomics doesn't try to answer or explain what forces should take place in a market. Rather, it tries to explain what happens when there are changes in certain conditions. Microeconomics ...

In microeconomics, competition is influenced by five factors: product features, the number of sellers, barriers to entry, information availability, and location. Each factor hinges on the ...