Deadweight loss is the cost to society due to market inefficiency. This is the loss of total welfare or social surplus due to reasons:
• taxes or subsidies,
• price ceilings or floors,
• extralities & monopoly pricing.

In this video will under DWL from technical as well practical point of views.

Sources:
• N. Gregory Mankiw, Principle of Economics
• https://www.investopedia.com/terms/d/...
• https://economictimes.indiatimes.com/...

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