If the market price is at equilibrium,the deadweight loss is zero.

Question

Quizplus · Accepted Answer

This statement is true according to economics theory. When a market is at equilibrium, it means that there is no excess supply or demand, and the market is operating efficiently. In this state, consumer and producer surplus are maximized, and no one is worse off. Therefore, there is no deadweight loss (the loss of efficiency that occurs when the optimal outcome of a market is not achieved).

If the Market Price Is at Equilibrium,the Deadweight Loss Is