Deadweight loss refers to A) losses in consumer surplus ...

[lilldybug07]

Deadweight loss refers to
 
  A) losses in consumer surplus associated with excess government regulations.
  B) situations where market prices fail to capture all of the costs and benefits of a policy.
  C) net losses in total surplus.
  D) losses due to the policies of labor unions.

Question 2

A tennis pro charges 15 per hour for tennis lessons for children and 30 per hour for tennis lessons for adults. The tennis pro is practicing
 
  A) first-degree price discrimination.
  B) second-degree price discrimination.
  C) third-degree price discrimination.
  D) fourth-degree price discrimination.
  E) fifth-degree price discrimination.

[cdmart10]

Answer to Question 1

C

Answer to Question 2

C

[lilldybug07]

Thanks for the timely response, appreciate it

[epscape]

Excellent