Explain what deadweight loss is and what causes it

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1. Explain what consumer surplus and producer surplus is and how it can be found.

2. Explain what a deadweight loss is and what causes it.

3. Explain the difference between private goods and public goods.

4. Explain what a negative externality is and how it can be reduced or controlled.

5. Explain what a positive externality is and how it can be increased.

Reference no: EM131094393

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