What is industrial economics

Answer 1

Industrial economics is a branch of economics that studies the behavior of firms in an industry, the structure of the industry, and the strategies firms use to compete in the market. It examines the behavior of firms in oligopolistic markets, the effects of government regulation, and the impact of technological change on the industry. Industrial economics also looks at the pricing strategies of firms, the effects of mergers and acquisitions, and the role of innovation in the industry.