In oligopoly markets, firms have no perceptible influence on the market price

In response to the overvalued dollar in the early 1970s, the German Bundesbank bought dollars and sold marks to keep the exchange rate fixed, gaining international reserves

The huge purchase of international reserves meant that the German monetary base began to ________, leading to ________ growth in the German money supply. A) decline; sluggish B) decline; rapid C) grow; sluggish D) grow; rapid

Which of the following is FALSE about intraindustry trade?

A) Intraindustry trade creates gains from trade. B) Intraindustry trade is due to comparative advantage. C) Intraindustry trade may involve heightened competition and lower prices for consumers. D) Intraindustry trade increases consumer choice.