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Deadweight loss (view source)

Revision as of 16:36, August 26, 2007

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A deadweight loss is an economic loss to the public without any offsetting gain.

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A deadweight loss is an [[economic]] loss to the public without any offsetting gain.

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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.

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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]]

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