The loss to consumers and producers combined is both the oracle tax and the deadweight loss. So the lack of efficiency is measured by the deadweight loss, and the optimal amount of deadweight loss is 0. But then again,…
It's certainly a downside for society, because there are people who otherwise would have purchased android phones that can't afford them because of the oracle tax.
The loss to consumers and producers combined is both the oracle tax and the deadweight loss. So the lack of efficiency is measured by the deadweight loss, and the optimal amount of deadweight loss is 0. But then again,…
It's certainly a downside for society, because there are people who otherwise would have purchased android phones that can't afford them because of the oracle tax.