Become a CRNA. Page Content. The miracle of anesthesia made pain-free surgery a reality. Nurse anesthetists, the first healthcare providers dedicated to the specialty of anesthesia, have their roots in the 1800s, when nurses first gave anesthesia to wounded soldiers on the battlefields of the Civil War.
In economics, a deadweight loss (also known as excess burden or allocative inefficiency) is a loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable.n a perfectly competitive market, producers would have to charge a price of 10 cents and every customer whose marginal benefit exceeds 10 cents would have a nail. However, if there is one producer who has a monopoly on the product, then they will charge whatever price will yield the greatest profit.
Producer surplus is the difference between mark price and the price at which firms are willing to supply the product. It is equal to the area below market price and above the supply curve. 2. Explain why deadweight loss can occur with a price below equilibrium even when some consumers benefit from it. Whenever, price falls from equilibrium both the consumer and producer surplus falls causing a shortage to occur. Transactions between buyers and seller are not happening. Market is also prevented from meeting equilibrium on its own. 3.