Which of the following workers is most likely to be asked to post a performance bond?

One reason why firms replace markets for some activities is that firms

A) reduce the number of transactions required. B) enable individuals to avoid a large portion of their taxes. C) reduce the rate at which the product is wasted. D) do not require team production.

If an excise tax is imposed on shirts,

a. the number of shirts produced will exceed the number demanded b. the number of shirts demanded will exceed the number supplied c. the equilibrium market price will decrease d. the amount consumers pay for each shirt will decrease e. the net revenue producers receive from each shirt will decrease