Changes

'''Deadweight Loss''' is an [[economic]] loss to the public without any offsetting gain.

'''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.

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.

[[Category:Economics]]

[[Category:Economics]]