The deadweight loss represents the sum of additional consumer and producer surplus should the firm produce the quantity where P = MC rather than where MR = MC.

Name: The deadweight loss represents the sum of additional consumer and producer surplus should the firm produce the quantity where P = MC rather than where MR = MC.
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If P = MC is produced,quantity increases,and the deadweight loss is turned into more CS and PS.This will increase total welfare.

The Deadweight Loss Represents the Sum of Additional Consumer and Producer