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1) Microeconomics deals with the economic behavior of individual economic agents-mainly households and firms, and of particular markets and industries.
2) Microeconomic focus on the prices and outputs of particular goods and services and on how markets interact to determine the allocation of scarce resources among millions of alternative uses.
3) No, it doesn't
4) the system of market prices can bring about a balance between people's tastes for different goods and the scare resources needed to produce them
6) Supply and demand analyses are considered to be two of the basic tools of microeconomic analysis
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