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

Open bidding allows bidders to share information, reducing information asymmetry and leading to more efficient allocation of resources.

The Principal Advantage of an Open Bidding System for Allocating