The deadweight loss of a tax is the reduction in total surplus in excess of the tax revenue collected that results from the tax.

Name: The deadweight loss of a tax is the reduction in total surplus in excess of the tax revenue collected that results from the tax.
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Question

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This is the definition of deadweight loss. It represents the loss to society as a whole that is not made up for by the revenue collected from the tax.

The Deadweight Loss of a Tax Is the Reduction in Total