Author Question: Bid-rigging is less likely in a. oral auctions b. second-price auctions c. first-price sealed-bid ... (Read 63 times)

deesands · **on:** Jul 1, 2018

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.