Bid-rigging is more likely when
A)auctions are for larger amounts
B)auctions are infrequent
C)auctions are oral
D)auctions are sealed-bid

Question

​Bid-rigging is more likely when
A)​auctions are for larger amounts
B)auctions are infrequent
C)auctions are oral
D)​auctions are sealed-bid

Quizplus · Accepted Answer

Bid-rigging is more likely to occur in sealed-bid auctions where bidders cannot see each other's offers and cannot adjust their bids accordingly. In oral auctions or auctions for larger amounts, there is more opportunity for bidders to openly compete and adjust their offers. Infrequent auctions also do not necessarily increase the likelihood of bid-rigging.

​Bid-Rigging Is More Likely When

Bid-Rigging Is More Likely When