Based on the fact that Barefeet produces a quantity more than the efficient quantity of Ooh boots, the result would be a deadweight loss as this reduces the sum of consumer surplus and producer surplus to less than its maximum.
What is Deadweight Loss?
This refers to the cost to society that is created when there is a market inefficiency, this typically occurs when there is no equilibrium between the supply and demand.
Hence, we can see that based on the fact that Barefeet produces a quantity more than the efficient quantity of Ooh boots, the result would be a deadweight loss
Read more about a deadweight loss here:
https://brainly.com/question/14414346
#SPJ1
