In a competitive market, if the deadweight loss is equal to zero, society enjoys the largest total surplus.

Name: In a competitive market, if the deadweight loss is equal to zero, society enjoys the largest total surplus.
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Question

Quizplus · Accepted Answer

Deadweight loss represents inefficiency in a market, and a deadweight loss of zero indicates that the market is operating at its most efficient level, maximizing the total surplus available to society.

In a Competitive Market, If the Deadweight Loss Is Equal