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When is tax to society cause a deadweight loss?

Applying Consumer and Producer Surplus: The Efficiency Costs of a Tax

A tax causes a deadweight loss to society, since less of the good is produced and consumed than within the absence of the tax. Like an output, some mutually beneficial trades in between producers and consumers do not get place.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9581645

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