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Hi, need to submit a 1250 words paper on the topic Applying Microeconomics to Business. on, Tisdell and Hartley (2001) states that businesses managers could take advantage of knowledge of government microeconomic policy as well as its economic impacts in a number of ways. For instance Tisdell and Hartley (2001) explains that they apply it to project how the economic situation of their businesses or the industry may change as a consequence of a change in the microeconomic policy, for example with removal or cuts in tariffs or subsidies previous enacted to protect the industry.

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