The efficiency loss from protection is the net loss in consumer, producer and government surplus.

Name: The efficiency loss from protection is the net loss in consumer, producer and government surplus.
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Quizplus · Accepted Answer

The efficiency loss from protection, such as tariffs or quotas, is indeed the net loss in consumer, producer, and government surplus, as it distorts market equilibrium, leading to less efficient allocation of resources.

The Efficiency Loss from Protection Is the Net Loss in Consumer