EDIT: EDIT: Refer to the following figure, which shows a demand and supply diagram for a particular good:

a. If the good is traded at point (3), is there deadweight loss?

b. If your answer to part a. was yes, list which triangles (g, h, i, j, k, l, m, n, o, and/or p) represent the deadweight loss graphically.

c. If the good is traded at point (4), is there deadweight loss?

d. If your answer to part c. was yes, list which triangles (g, h, i, j, k, l, m, n, o, and/or p) represent the deadweight loss graphically. h i k n (4) Units per period (3) O O. O Price per unit

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