The relative price of one currency in terms of another is known as the ________

In the table above, what inflation rate belongs in space A?

A) 17.0 percent B) 6.8 percent C) 8.3 percent D) -4.0 percent

An agreement between the dominant firm and the fringe members to keep output low often breaks because:

a. the fringe firms usually appropriate a larger share of the profits. b. the agreement is not self enforcing. c. the dominant firm usually appropriates a larger share of the profits. d. both have an incentive to charge a higher price for their output.