Price ceilings tend to create shortages when used to bring down price in a competitive market. reduce exploitative use of market power. create a price above equilibrium. bring down price to the level of marginal cost.

10. which of the following is true regarding preretirement inflation? a. defined-benefit plans provide more inflation protection than defined-contribution plans. b. because of preretirement inflation, possible investment-related growth is increased for defined-contribution plans. c. all types of benefits are designed to cope with preretirement inflation. d. preretirement inflation is generally reflected in the increase in an employee's compensation level over a working career.