Discussion Post: Competitive Market
One of the problems in a competitive market environment is deadweight losses.
a) What are deadweight losses, and what are their causes?
b) What are the market effects of a deadweight loss?
c) 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. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.