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<!-- you can have any number of categories here --> [[Category:Economics 101]] {{DES | des = Libertarians love to complain about deadweight losses due to taxation, and frequently exaggerate their size visually by drawing large [http://en.wikipedia.org/wiki/Deadweight_loss#Harberger.27s_triangle Harberger's triangles]. But plenty of market activities also cause deadweight losses. And deadweight losses can be offset many times over by the actions government can take with tax money. | show=}} Some market causes of deadweight losses: * holdout problems (some estimates as high as 10% GDP) * unemployment * market power due to monopoly or oligopoly * mark-up pricing (aka fixpricing) * financial sector profits * interchange fees for credit cards * externalities * positional goods There are also good reasons to doubt the premises of deadweight losses, which are rooted in the premises of [[neoclassical economics]] ([[Economics 101]].) Like the stories that [[Minimum Wage|minimum wages]] should greatly reduce employment, stories about deadweight losses are seldom backed by actual data. <!-- DPL has problems with categories that have a single quote in them. Use these explicit workarounds. --> <!-- normally, we would use {{Links}} and {{Quotes}} --> {{List|Deadweight Losses|links=true}} {{Quotations|Deadweight Losses|quotes=true}}
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