Discussion Question:
One of the problems in a competitive market environment is deadweight losses.
• What are deadweight losses, and what are their causes?
• What are the market effects of a deadweight loss?
• What are the major factors that determine who will bear the burden of a tax or the incidence of a tax?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.