Net tax is calculated by adding the amount collected as taxes by the government and the amount spent as transfer payments

According to your text, when a shortage exists,

A) buyers compete with buyers. B) buyers compete with sellers. C) sellers compete with sellers. D) the price of the good would tend to fall in order to eliminate the shortage.

According to your authors, which action below clearly restricts competition?

A) A large firm raises its price. B) A large firm lowers its price. C) Government deregulates an industry. D) Antitrust legislation restricting other suppliers from entering into a market.