#cfa #deadweight-loss #economics
In
economics, a
deadweight loss (also known as
excess burden or
allocative inefficiency) is a loss of
economic efficiency that can occur when equilibrium for a
good or service is not achieved or is not achievable.
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Deadweight loss - Wikipedia, the free encyclopedialoss created by a binding price ceiling. Producer surplus is necessarily decreased, while consumer surplus may or may not increase; however the decrease in producer surplus must be greater than the increase (if any) in consumer surplus.
<span>In economics, a deadweight loss (also known as excess burden or allocative inefficiency) is a loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable. Causes of deadweight loss can include monopoly pricing (in the case of artificial scarcity), externalities, taxes or subsidies, and binding price ceilings or floors (including minimum wa Summary
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