The fact that a firm is a price-setter does not ensure it will make a positive economic profit in the short run and over time

The benefits paid by the largest pension program in the United States are: a. not adjusted for changes in the price level

b. adjusted for changes in the price level. c. revised every five years. d. adjusted for changes in the nominal rate of interest. e. adjusted for changes in the real rate of interest.

Monopolistic competition will include producers of poultry and dairy products

a. True b. False Indicate whether the statement is true or false