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10 February, 12:57

In a perfectly competitive market in which no market failure occurs and no government policy interferes with the equilibrium price and quantity

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  1. 10 February, 14:01
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    If there's a perfectly competitive market in which no market failure occurs and no government policy interferes with the equilibrium price and quantity, this is what you called deadweight. Deadweight loss in business is described as an inefficiency made in the market because of the demand and surplus matter that creates disadvantages to the society.
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