Figure 16-14
-Refer to Figure 16-14. The deadweight loss from production for this firm is represented by which of the following areas?

Question

Figure 16-14 
-Refer to Figure 16-14. The deadweight loss from production for this firm is represented by which of the following areas?

Quizplus · Accepted Answer

The deadweight loss is the area of the triangle BHJ. This represents the loss of consumer and producer surplus as a result of the firm producing less than the efficient quantity. The other areas represent either consumer surplus or producer surplus, but not deadweight loss.

Figure 16-14 -Refer to Figure 16-14. the Deadweight Loss from Production for from Production