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02-11-2022
Business

Answered

the ministry of misallocation has decreed that the production of widgets must be 3000 each month and that the production of gizmos must be 12000 each month. calculate the deadweight loss in each market caused by these restrictions. note that the scale of the quantity axis is in thousands.what is the deadweight loss in the widgets market?$what is the deadweight loss in the gizmos market?

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