The interest rate on secondary credit is set ________ basis points ________ the primary credit rate

Interest rates will increase if the Fed conducts an open market purchase

Indicate whether the statement is true or false

When oligopolies seek to operate as a single-price monopoly, the firms produce at the point where:

A) P = MC. B) MR = MC. C) P < ATC. D) P = MR. E) MC = ATC.