Microeconomics deals with which of the following? a. economic indicators b. monetary policy c. fiscal policy d. industry competitive forces

D. Industry competitive forces

Explanation:

Microeconomics or price theory analyzes the formation of prices in the market, that is, how the company and the consumer interact and decide the price and quantity of a product or service. It studies the functioning of supply and demand (demand) in price formation. In short, microeconomics deals with the competitive forces of the industry.

Microeconomics is concerned with explaining how prices and their factors of production are fixed. It is divided into:

• Consumer Theory: Study consumer preference by analyzing their behavior, their choices, restrictions on values and market demand.

• Company Theory: Studies the gathering of capital and labor in a company in order to produce products according to market demand and the offer of consumers willing to consume them.

• Production Theory: Studies the process of transforming the raw material acquired by the company into specific products for sale on the market. The theory of production refers to services such as transportation, financial activities, commerce and others.

turnover

the amount of money taken by a business in a particular period.