Banks decide to do away with fees charged when other banks' customers use the bank's own ATM. Reference: Ref 15-10 (Scenario: Money and Interest Rates) Look at the scenario Money and Interest Rates. If the Federal Reserve wants to maintain the same federal funds rate, it should: .

Which of the following statements best reflects a price-taking firm? price-taking firms maximize profits by charging a price above marginal cost. the firm can sell only a limited amount of output at the market price before the market price will fall. if the firm were to charge more than the going price, it would sell none of its goods. the firm has an incentive to charge less than the market price to earn higher revenue.