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Create distortions or deadweight loss

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Reference no: EM133063923

The National Parks in Australia are popular all over the world. However, the entrance to most of these parks are prohibited unless a visitor pays an entrance fee. A park pass, for instance, will cost as much as $30. But, these parks are always operating below their full capacity and never overcrowded.

Explain with the help of a clearly well labelled diagram why park fees create distortions or deadweight loss in this case?

Reference no: EM133063923

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