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Dead weight loss, Microeconomics, Monopoly

Deadweight loss monopoly

October 11, 2015August 8, 2021 / econ101help / 2 Comments on Deadweight loss monopoly

Deadweight loss Deadweight loss is a way to measure economic inefficiency. It measures the distortion to market outcomes in monetary…

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Microeconomics

Why price floors reduce social surplus

June 5, 2014September 21, 2014 / econ101help / Leave a Comment on Why price floors reduce social surplus

Price floors are a mandated minimum price that firms are allowed to charge for a product. It ensures that all…

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