With which choice are you more likely to avoid Bid-rigging cartels?
A)Holding English auctions
B)Holding sealed-bid auctions
C)Holding oral auctions
D)All of the above

Question

​With which choice are you more likely to avoid Bid-rigging cartels?
A)​Holding English auctions
B)Holding sealed-bid auctions
C)Holding oral auctions
D)​All of the above

Quizplus · Accepted Answer

Holding sealed-bid auctions is the best choice for avoiding bid-rigging cartels as bidders are not aware of each other's bids and cannot coordinate to manipulate the auction. This reduces the likelihood of collusion and ensures fair competition among bidders. Holding English auctions and oral auctions allow bidders to observe each other's bids, which increases the risk of collusion and Bid-rigging cartels.

​With Which Choice Are You More Likely to Avoid Bid-Rigging

With Which Choice Are You More Likely to Avoid Bid-Rigging