Mikrohagfræði
Mikrohagfræði is the Icelandic term for microeconomics, a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources. It focuses on the supply and demand for goods and services, how prices are determined, and how these factors influence individual economic agents.
Key concepts within mikrohagfræði include consumer theory, which analyzes how consumers make purchasing decisions based on
Mikrohagfræði also explores market structures, such as perfect competition, monopoly, and oligopoly, and their implications for