What do economists call the loss society experiences when there is market failure and the production of a good is less than the efficient amount?
A) Quantity restriction
B) Subsidy
C) Tax
D) Price floor
E) Deadweight loss

Question

Quizplus · Accepted Answer

Economists call the loss society experiences when there is market failure and the production of a good is less than the efficient amount as deadweight loss.

What Do Economists Call the Loss Society Experiences When There