A deadweight loss of consumer and/or producer surplus occurs when
a. producers fail to maximize profits.
b. mutually beneficial transactions cannot be completed.
c. consumers do not maximize their utility.
d. the price of inputs increases.
b
Economics
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If the price level is falling, the economy is experiencing
a. creeping inflation b. stagflation c. disinflation d. inflation e. deflation
Economics
Writing in The Wall Street Journal in 2009, economist Jeremy Siegel pointed out that the efficient markets hypothesis
a. was responsible for the financial crisis of 2008-2009. b. was responsible for the Great Depression of the 1930s. c. claims that prices observed in financial markets are always "right.". d. claims that prices observed in financial markets are mostly "wrong.".
Economics