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Answer to Question #69391 in Microeconomics for Doria Kao

Question #69391
If an increase in total (consumer+producer) surpluses exceeds the deadweight loss, is that an increase in efficiency? Or does any deadweight loss guarantee market failure?
Expert's answer
Deadweight loss is a cost to society created by market inefficiency, so any deadweight loss guarantee market failure
Source: http://www.investopedia.com/terms/d/deadweightloss.asp

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