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This textbook offers a clear, balanced, and comprehensive introduction to microeconomic theory and its applications. It covers foundational concepts such as supply and demand, elasticity, consumer behavior, production and costs, market structures (competition, monopoly, oligopoly), factor markets, income distribution, market failures, public goods, and international trade — using real‑world examples to relate economic principles to everyday life.
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Publisher: South-Western College Pub
Publishing Year: 2008
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Pages: 551