The correct answer is option d that is an efficiency losses are none of the above. In order to obtain the best or allocative efficiency, there must be a loss of economic efficiency in terms of utility for consumers and producers.
The loss of overall welfare or the social surplus as a result of factors such as taxes or subsidies, price ceilings or floors, externalities, and monopoly pricing is defined as "deadweight loss."
It is the additional burden brought about by the loss of advantage to the trade's participants, who might be either producers, consumers, or the government.
It is likely that the new equilibrium price that is determined for the transaction will be higher and that some of the cost of this will be transferred to the consumer if a specific tax is imposed on the producer for each unit of the commodity he sells.
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