Deadweight Loss and Market Failure Is Created When a Market

question 40

Multiple Choice

Deadweight loss and market failure is created when a market produces

• A) either more or less than the efficient quantity.
• B) more than the efficient quantity but not when less than the efficient quantity is produced.
• C) less than the efficient quantity but not when more than the efficient quantity is produced.
• D) the efficient quantity.
• E) None of the above answers is correct because deadweight loss has nothing to do with the efficient quantity.

---

Definitions:

Task

A task is a piece of work or activity assigned to an individual or team as part of their responsibilities or goals.

Brainstorming

A creative group activity aimed at generating a wide range of ideas or solutions to a particular problem.

Obvious Features

Characteristics or attributes of a product, service, or situation that are readily apparent or easy to identify.

Feelings And Values

Emotions and principles that are important to an individual, guiding their behavior and decision-making processes.