Examlex
A full-page,fully paid spread in the New York Times publicizing a major oil company is
Best described as
Deadweight Loss
An economic inefficiency that occurs when a market does not reach equilibrium, leading to a loss of total social welfare.
Consumer Surplus
The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.
Deadweight Loss
The decrease in economic productivity that happens when a good or service does not reach, or cannot reach, its equilibrium point.
Consumer Surplus
The difference between the maximum amount consumers are willing to pay for a good or service and the actual amount they do pay.
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