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Question

The loss of surplus resulting from misallocation of resources is called .


Correct Answer
A
deadweight loss
Your Answer
B
surplus loss
Your Answer
C
efficiency loss
Your Answer
D
misallocation loss

Solution

The correct option is A deadweight loss
When the allocation of resources is not efficient, the total surplus is less than its optimal value. This difference or loss of surplus is called deadweight loss. 

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