Deadweight loss is defined as

Name: Deadweight loss is defined as
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Deadweight loss is the loss of efficiency in a market that occurs when the optimal level of production or consumption is not achieved. It is caused by distortions such as taxes, subsidies, price controls, and other market interventions that create a gap between the marginal social cost and marginal social benefit of production or consumption. Deadweight loss represents a loss of economic welfare for society as a whole.

Deadweight Loss Is Defined as