Changes

Jump to navigation Jump to search

Deadweight loss (view source)

Revision as of 11:45, May 5, 2007

253 bytes added ,  11:45, May 5, 2007
no edit summary
Line 1: Line 1:  
A deadweight loss is an economic loss to the public without any offsetting gain.
 
A deadweight loss is an economic loss to the public without any offsetting gain.
 +
 +
Specifically, a deadweight loss is the loss in efficiency that a society suffers as a result of firms setting their monopoly prices greater than marginal cost, P > MC.  The deadweight loss is due to the loss in value to society of output not produced.
Aschlafly
Anthony, Irenaeus, Siteadmin, apieditor, Bureaucrats, Check users, nsAm_Govt_101RO, nsAm_Govt_101RW, nsAm_Govt_101_ta, nsJudgesRO, nsJudgesRW, nsJudges_talkRO, nsJudges_talkRW, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, oversight, Administrators
126,477

edits

Retrieved from "https://www.conservapedia.com/Special:MobileDiff/144414"

Navigation menu