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Synopsis The present book provides the most clear and accurate presentation of advanced microeconomic concepts. Microeconomics lays the basic foundation of the understanding of economics. A good grasp of microeconomics is vital for both managerial and public policy decision-making as well as analyzing the modern trends of economy. Primarily designed to serve as a textbook, Microeconomic Theory covers the fundamental concepts and deals with all the topics extensively in an easily comprehensible style. Mathematical tools and techniques have been used wherever required for the purpose of easy elucidation of the subject matter. This book gives the students the opportunity to work with theoretical tools, real-world applications and cutting edge developments in the study of microeconomics. Case studies and diagrammatic presentations have been incorporated so as to make the subject more accessible and interesting. Model questions and references included in the book will enable the readers to make self-assessment and pursue the topics in detail.