nsTeam1RO, nsTeam1RW, nsTeam1_talkRO, nsTeam1_talkRW
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Line 1: − A deadweight loss is an [[economic]] loss to the public without any offsetting gain.+
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'''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]]