Every market exchange is a Pareto superior move

In the oligopoly price-fixing game, the payoffs are the

A) profits of the firms. B) market shares of the firms. C) sales of the firms. D) reputations of the firms.

Holding all else constant, an increase in the preferences of Americans for Mexican goods will ________ the supply of dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.

A. increase; decrease B. decrease; decrease C. increase; increase D. decrease; increase