11Indirect Taxes SubsidiesEasy1 markWhat is the definition of a subsidy?AA maximum price set by private sector firms lowering the costs of production.BA minimum price set by the government lowering private sector firms’ costs of production.CA payment made by the government to private sector firms lowering their costs of production.DThe removal of laws and rules regulating private sector firms lowering the costs of production.Grade answerSolutionGrading criteria