A deadweight loss is the loss to society of not producing the supply-and-demand determined level of output.

Name: A deadweight loss is the loss to society of not producing the supply-and-demand determined level of output.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

A deadweight loss refers to the economic inefficiency that occurs when the equilibrium quantity of a good or service is not produced, resulting in a loss of potential welfare for society.

A Deadweight Loss Is the Loss to Society of Not