Explain how simulation is used in the real world, Microeconomics

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Explain how simulation is used in the real world

Discussion:

Select one of the following topics for your primary discussion posting:

• Identify the part of setting up a simulation in Excel that you find to be the most challenging, and explain why. Identify resources that can help you with that.

• Explain how simulation is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.

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Microeconomics: Explain how simulation is used in the real world

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