The equity market is said to be an efficient market because it is difficult for an investor to continually earn above-normal profits

Which one of the following about a monopoly is false?

A) A monopoly status could be temporary. B) A monopoly could make profits in the long run. C) A monopoly could break even in the long run. D) A monopoly must have some kind of government privilege or government imposed barrier to maintain its monopoly.

In the United States, the official poverty line is based on:

A. the price of clothing. B. the average income of the lowest quartile of income earners. C. the price of food. D. the price of housing.