As explained in the chapter, economic efficiency is a market outcome in which the marginal benefit to

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As explained in the chapter, economic efficiency is a market outcome in which the marginal benefit to consumers of the last unit produced is equal to its marginal cost of production. Using this explanation of economic efficiency, explain why a tax creates a deadweight loss?
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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