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Part of the higher price consumers pay for a protected good buys nothing at all for anyone. Economists call that:

AA transfer payment
BA budget surplus
CA price ceiling
DA deadweight loss
Answer & Solution
Correct answer: D. A deadweight loss
1. Nobody captures this part. 2. It is lost economic efficiency. 3. It is a deadweight loss. _Source: OpenStax Principles of Economics 3e, Chapter 34, Globalization and Protectionism._
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