Which of the following statements accurately describe the implications of deadweight loss in the context of copper production affected by negative externalities? Select all that apply.

Deadweight loss occurs when the production of a good, like copper, creates negative externalities, meaning there are costs not reflected in the market price. For instance, if copper production leads to pollution, the health and environmental damages are not included in the cost of producing copper. This results in overproduction because the market price does not account for these additional costs, leading to a loss of overall economic efficiency. As a result, society suffers because resources are not being used in the most beneficial way, and the total welfare is lower than it could be if the negative effects were considered. Understanding deadweight loss helps us recognize the importance of addressing these externalities to improve both economic and social outcomes.