The likelihood of collusion between fims is less when markets are highly concentrated

An example of peak pricing is charging

a. more for long-distance phone calls in the daytime. b. less for electricity at night. c. more for public transportation in rush hours. d. All of the above are true.

The ________ approach to exchange rates emphasizes the role of portfolio repositioning by international financial investors.

A. balance-of-payments B. monetary C. asset market D. elasticity