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He
focused on microeconomics and international business strategy in his studies, and now applies that knowledge to the investments of this firm.
On a microeconomic level, the positive story will be that the lack of discovery of new gold reserves by the struggling gold mining industry which, absent a significant rise in the gold price, will lead to a supply crunch.
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Even on a microeconomic basis, periods of stress like this can make one question some of the theorems of Modigliani and Miller.
On microeconomics, what kind of R - squared are they getting when they test the general equilibrium neoclassical model?
And does the answer to that turn on legal ethics, or
on microeconomics, or both?»