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When does deadweight loss occur to society?
Applying consumer and producer surplus the efficiency costs of a tax:
A tax causes a deadweight loss to society, since less the good is generated and consumed than into the absence of the tax. As an outcome, some mutually beneficial trades in between consumers and producers do not take place.
Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of
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