Deadweight loss is the decrease in ________ from producing an inefficient amount of a product.
A) only consumer surplus
B) only producer surplus
C) consumer surplus and producer surplus
D) profit

Question

Quizplus · Accepted Answer

Deadweight loss represents the loss of total welfare, which includes both consumer surplus and producer surplus, due to inefficiencies in the market.

Deadweight Loss Is the Decrease in ________ from Producing an Inefficient