The above table gives the initial balance sheet for Mini Bank. Mini Bank's actual reserve ratio equals ________

Refer to the scenario above. The average payoff of the bet is:

A) $50. B) $100. C) -$50. D) -$100.

Compared to a monopolistic competitor, a monopoly producer who was currently earning economic profits: a. would face a more elastic demand curve

b. would face a less elastic demand curve. c. could continue to earn economic profits for a longer period of time. d. would be characterized by both (b) and (c).