Even with market power, monopolists cannot achieve any level of profit they desire because they will sell lower quantities at higher prices

"The bias in the CPI distorts private contracts because a future payment that is linked to the CPI will be raised above the true increase in the price level." Is the previous sentence true or false?

What will be an ideal response?

Ed Sike is tired of working as a special events manager at the college. He quits his price-searcher job to devote himself to studying full time. Ed Sike is now

A) a price taker. B) a price giver. C) unemployed. D) no longer employed. E) All of the above.