Author Question: Bid-rigging has all of these features EXCEPT a. It is a collusive agreement b. The bid-riggers pay ... (Read 68 times)

washai

  • Hero Member
  • *****
  • Posts: 523
Bid-rigging has all of these features EXCEPT
 a. It is a collusive agreement
  b. The bid-riggers pay a smaller amount than without bid-rigging
  c. Bid-riggers need an auxiliary mechanism to allocate the good within the bid-riggers
  d. Bid rigging is usually a legitimate and legal strategy for the buyer-side

Question 2

An allocation of resources is technically efficient if:
 a. it is impossible to increase the output of a particular good.
  b. it is possible to increase the output of all goods.
  c. it is impossible to increase the output of one good without cutting back on the production of something else.
  d. it is possible to increase the output of one good.



Laurenleakan

  • Sr. Member
  • ****
  • Posts: 309
Answer to Question 1

d

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

For a complete list of videos, visit our video library