The __________ declared that some forms of price discrimination is illegal, especially when it decreases competition.

In monopolistic competition

A) each firm's price cannot deviate from the average price of other firms. B) each firm supplies a small part of the total market output. C) one firm's actions directly affect the actions of the other firms. D) collusion is possible.

Assuming a required reserve ratio of 5%, interest rate on reserves of 1%, and interest rate on loans of 6%, what is the effective cost of the reserve requirement on a $10,000 deposit?

A) 0.05% B) 0.25% C) 0.30% D) 1%