Flashcard sets with a 'deadweight loss' term meaning 'the loss in total surplus that occurs whenever an action or a policy reduces the quantity transacted below the efficient market equilibrium quantity'

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1-1 of 1Flashcard sets with a 'deadweight loss' term meaning 'the loss in total surplus that occurs whenever an action or a policy reduces the quantity transacted below the efficient market equilibrium quantity'
# Title Terms Date
1Chapter 5 of Macroby 10LiphamA18 termsOctober 16, 2009
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