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From course:

Microeconomic MCQ 1

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Question:

7. Deadweight loss is A) present in all markets. B) the difference between consumer surplus and producer surplus. C) positive in markets where equilibrium is distorted by price controls or taxes. D) always larger than consumer surplus. E) always smaller than producer surplus.

Author: Gonza R



Answer:

C) positive in markets where equilibrium is distorted by price controls or taxes.


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Gonza R
Gonza R