IJOSSInternational Journal of Steel Structures (Korea)
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Deadweight loss is defined as "a net loss in social welfare that results because the benefit generated by an action differs from the foregone opportunity cost" which "is usually the combination of lost consumer surplus and lost producer surplus, and indicates of the inefficiency of a situation." Deadweight Ijoss Law & Ilegal Definition, USLEGAL.COM, http://definitions.uslegal.eom/d/deadweight-loss%20/ (last visited May.