Deadweight Losses Occur When the Quantity of an Output Produced

question 162

Multiple Choice

Deadweight losses occur when the quantity of an output produced is

• A) less than, but not when it is greater than, the competitive equilibrium quantity.
• B) greater than, but not when it is less than, the competitive equilibrium quantity.
• C) less than or greater than the competitive equilibrium quantity.
• D) such that the marginal benefit of the output is just equal to the marginal cost.