The loss in consumer and producer surplus due to inefficiency is called _____ loss.
A) inefficiency
B) deadweight
C) surplus
D) market

Name: The loss in consumer and producer surplus due to inefficiency is called _____ loss. A) inefficiency B) deadweight C) surplus D) market
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Question

Quizplus · Accepted Answer

Deadweight loss refers to the loss in total surplus (consumer surplus plus producer surplus) that occurs when a market is not operating efficiently, typically due to distortions such as taxes, subsidies, price floors, or ceilings.

The Loss in Consumer and Producer Surplus Due to Inefficiency