If a perfectly competitive firm receives a price below its shutdown point, it should stay open

Suppose a bank has $200,000 in deposits, a reserve ratio of 10 percent, and reserves of $45,000. This bank has excess reserves of

A) $155,000. B) $25,000. C) $10,000. D) $5,000.

Under ________ there are many firms selling identical products

A) perfect competition B) monopolistic competition C) oligopoly D) monopoly