This flashcard is just one of a free flashcard set. See all flashcards!
60
What does Deadweight loss measure?
societal loss from monopoly control of the market which is the combined lost consumer and producer surpluses
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 12.10.2010