Deadweight loss measures the inefficiency as the loss of
A) consumer surplus only.
B) consumer surplus minus producer surplus.
C) consumer surplus plus producer surplus.
D) producer surplus only.
C
Economics
You might also like to view...
Four advisory councils
What will be an ideal response?
Economics
The HPV vaccine protects against human papillomavirus (HPV) that causes cancer. It protects both the person getting the vaccine and the sexual partners of that person. In a private market with no government intervention, the equilibrium will be
A) overprovision of the HPV vaccine and a deadweight loss. B) overprovision of the HPV vaccine but no deadweight loss. C) underprovision of the HPV vaccine but no deadweight loss. D) underprovision of the HPV vaccine and a deadweight loss.
Economics