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1. Deadweight loss can best be explained as: a.An increase in economic benefits due to efficient allocation of resources b.A reduction in net economic benefits

1. Deadweight loss can best be explained as:

a.An increase in economic benefits due to efficient allocation of resources

b.A reduction in net economic benefits resulting from an inefficient allocation of resources

c.An increase in economic benefits due to inefficient allocation of resources

d.A decline in the quantity of output produced due to the inefficient allocation of resources

e.A change in the price due to the inefficient allocation of resources

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