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- Managerial Economics is a branch of economics that applies economic theory and methods to solve business problems and make managerial decisions.
- It combines economic theory with business practices to analyze and solve real-world problems faced by managers.
- Managerial Economics helps managers make informed decisions by providing them with tools and techniques to analyze and interpret economic data.
- It covers topics such as demand analysis, production and cost analysis, pricing decisions, market structure analysis, and strategic decision-making.
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