Appendix: The principal advantage of an open bidding system for allocating telecommunications spectrum licenses was
A) the pooling of asymmetric information by the bidders
B) the reconfiguring of cell phone license areas
C) the substitute value of adjacent service areas
D) reduced cost

Question

Quizplus · Accepted Answer

The principal advantage of an open bidding system is the pooling of asymmetric information by the bidders, which helps in discovering the true value of the spectrum licenses through the bidding process.

Appendix: the Principal Advantage of an Open Bidding System for Allocating