The reason to regulate utilities instead of using antitrust laws to promote competition is that a utility is usually a

The Second National Bank of Townville has $400,000 in checking deposits, $125,000 in savings deposits, $500,000 in loans, $20,000 in its reserve account at the Fed, and $5,000 of currency in its vault. What is the amount of its reserves?

What will be an ideal response?

If a firm can change market prices by altering its output then it:

a) Faces a horizontal demand curve. b) Has market power. c) Is a competitive firm. d) Is a price taker.