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Market environment is deadweight losses

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Reference no: EM133078516

Discussion Question:

1. One of the problems in a competitive market environment is deadweight losses.

2. What are deadweight losses, and what are their causes?

3. What are the market effects of a deadweight loss?

4. What are the major factors that determine who will bear the burden of a tax or the incidence of a tax?

Reference no: EM133078516

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