An Efficiency Loss (Or Deadweight Loss)

Multiple Choice

An efficiency loss (or deadweight loss)

A) is measured as the combined loss of consumer surplus and producer surplus from over- or underproducing.
B) results from producing a unit of output for which the maximum willingness to pay exceeds the minimum acceptable price.
C) can result from underproduction, but not from overproduction.
D) can result from overproduction, but not from underproduction.