Bid-rigging is less likely in a. oral auctions b. second-price ...

[deesands]

Bid-rigging is less likely in
 a. oral auctions
  b. second-price auctions
  c. first-price sealed-bid auctions
  d. all are equally likely

Question 2

The slope of the production possibility frontier shows:
 a. the marginal rate of substitution between the two goods.
  b. the relative marginal costs of the two goods.
  c. the efficient combination of outputs possible using fixed amounts of input.
  d. the relative marginal productivities of the two goods.

[ms_sulzle]

Answer to Question 1

c

Answer to Question 2

b

[deesands]

Thanks for the timely response, appreciate it

[scottmt]

Excellent