Explain why dead weight loss is considered as loss of, Business Economics

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Explain why dead weight loss is considered as loss of

Explain why dead weight loss is considered as loss of welfare of the society because of tax levy. Why does dead weight loss not total the loss of society?

Will levying tariffs on imported goods protect domestic industries, consumers, or will it save domestic jobs - what are long and short term effects?

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Business Economics: Explain why dead weight loss is considered as loss of

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