A deadweight loss
A) results from a monopoly failing to protect its patent or government franchise.
B) occurs when the monopoly charges a price that is below the market price.
C) occurs when the monopoly charges a price that is below the marginal revenue.
D) is the same as welfare loss to society.

Question

Quizplus · Accepted Answer

Deadweight loss is indeed the same as welfare loss to society, which occurs when market inefficiencies, such as monopolies, prevent the market from allocating resources efficiently.

A Deadweight Loss