How to calculate deadweight loss? Someone requested me to write about this. I tell him, no problem my friend I will definitely write to you.
Here I just try to explain a few things that really need to know to understand about deadweight loss.
How to calculate deadweight loss
You should Understand:
Deadweight Loss is a reduction in consumer surplus (Consumer Surplus) and surplus producers that occur when the output of a product is limited so that it is lower than the optimum efficiency level....