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k c sahu

· started a discussion

· 1 Months ago

plz describe brifely

Question:

What is the economic term for the loss of economic efficiency in terms of utility for consumers/producers such that the optimal or allocative efficiency is not achieved?

Options:
A)

Fallout Cost

B)

Crowding out loss

C)

Risk Averse

D)

Dead weight loss

E)

Windfall gains

Solution:

 It is the loss of economic efficiency in terms of utility for consumers/producers such that the optimal or allocative efficiency is not achieved.

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