Respuesta :
Deadweight loss represents the amount of surplus and surplus forgone because the monopolistically competitive firm charges a price higher than the marginal cost is consumer and producer.
Deadweight loss
in economics, deadweight loss refers the cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.
Given,
Here we need to find the Deadweight loss represents the amount of surplus and surplus forgone because the monopolistically competitive firm charges a price higher than the marginal cost.
Here we must know the definition of the marginal cost in order to find the charges for this one,
The marginal cost refers the change in total production cost that comes from making or producing one additional unit.
So, the major players that take advantage in this process are consumer who will consumes the product that created by the producer.
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