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Homework answers / question archive / What's the point of microeconomics, if companies don't actually use it?

What's the point of microeconomics, if companies don't actually use it?

Economics

What's the point of microeconomics, if companies don't actually use it?

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While companies do not typically use microeconomics, the subject is important for economists and governments to understand in order to develop proper economic policies to drive and maintain a stable economy.