Which statement about deadweight loss is true: < a. The fall in total surplus that that results from a market distortion b. Welfare spending is consumption c. Deadweight is not a binding price ceiling d. A larger at the equilibrium quantity and price more than any other quantity and price. < Which of these qualify as an example of a negative externality E a. Increasing demand b. Net welfare loss c. Air pollution d. Increasing supply An example of an implicit cost of production would be a. The cost of raw materials for producing milk in factory b. The cost of delivery bikes in a business that does not make a lot of deliveries c. The income a businessman could have earned working for another person d. All the above Economic profit is equal to a. Total revenue - the opportunity cost of producing goods and services b. Average revenue - the average cost of producing the last unit of a good or service. < c. Total revenue - the accounting cost of producing goods and services d. Total revenue the explicit cost of producing goods and services