Author Question: Which of the following is a way in which secret bidding tends to produce fairer bids? A. If the ... (Read 223 times)

savannahhooper · **on:** Jun 19, 2018

Which of the following is a way in which secret bidding tends to produce fairer bids?

A. If the process were open, a firm that could make a profit at a price considerably less than the competition might bid up the price to put pressure on that competitor.
B. If the competition were open, a firm might start out at a high bid to scare others off from bidding.
C. If the process were open, a firm that could make a profit at a price considerably less than the competition would make a bid only just enough less to win the contract.
D. If the competition were open, firms might get into a bidding war for the contract.

Question 2

Roger Crisp believes that advertising is morally wrong if ___________.

A) it is shown on TV when children are watching
B) it concerns potentially lifesaving therapies
C) it provides vital product information
D) it overrides the autonomy of consumers