Bid-rigging has all of these features EXCEPT

a. It is a collusive agreement
b. The bid-riggers pay a smaller amount than without bid-rigging
c. Bid-riggers need an auxiliary mechanism to allocate the good within the bid-riggers
d. Bid rigging is usually a legitimate and legal strategy for the buyer-side


d

Economics

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Suppose investment spending is not very sensitive to the interest rate. Given this information, we know that

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Economics