How Does the Inefficiency of a Deadweight Loss Come About

question 40

Multiple Choice

How does the inefficiency of a deadweight loss come about

• A)Consumers who still buy the product at the higher price will be worse off due to the loss of its consumer surplus.
• B)Consumers who still buy the product at the high price are worse off than they would be if they paid a lower price.
• C)Consumers buy fewer units due to the monopoly price, which exceeds the socially optimal price.
• D)Consumers buy more units due to the monopoly price, which is less than the socially optimal price.

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Definitions:

Ribosomes

Cellular structures that synthesize proteins by translating mRNA into polypeptide chains.

Polypeptide

A linear organic polymer consisting of a large number of amino acid residues bonded together, forming part of (or the whole of) protein molecules.

mRNA

Messenger RNA, a type of RNA that carries genetic information from DNA to the ribosome, where it specifies the amino acid sequence of the protein products of gene expression.

Triphosphate Group

A triphosphate group consists of a molecule containing three phosphate groups, and it's most commonly associated with adenosine triphosphate (ATP), which is a primary energy carrier in cells.