Managerial Economics: Fifth Edition

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Managerial Economics teaches students how to use microeconomic theory to analyze business decisions. In a clear and engaging writing style, it explores the current market forces that create both opportunities and constraints for business enterprises. The book has enjoyed success in part because of its mid-level rigor. It features a stronger emphasis on international perspectives and updated examples from today's high-tech economy. Strategic decision making in oligopoly markets has been modernized.