77.6k views
1 vote
In a perfectly competitive market in which no market failure occurs and no government policy interferes with the equilibrium price and quantity

1 Answer

5 votes
If there's a perfectly competitive market in which no market failure occurs and no government policy interferes with the equilibrium price and quantity, this is what you called deadweight. Deadweight loss in business is described as an inefficiency made in the market because of the demand and surplus matter that creates disadvantages to the society.
User Anjana Silva
by
7.6k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories