Coase belonged to which economic field of study?
Behavioral
Macro
Micro
Experimental
Answer
**Answer**: Microeconomics **Explanation**: Microeconomics is a branch of economics that studies the economic behavior of individual markets. It analyzes the interactions between buyers and sellers, how prices are determined, and the effects of government policies on markets. Coase's work focused on the role of transaction costs in determining the efficiency of markets, which is a key topic in microeconomics.
Coase's Economic Conundrums: Unraveling the Legacy of a Nobel Laureate
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