=+ this deadweight loss will be small, but in other casesprice supports and import quotas are examplesit

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=+ this deadweight loss will be small, but in other cases—price supports and import quotas are examples—it is large. This deadweight loss is a form of economic inefficiency that must be taken into account when policies are designed and implemented.

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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