Which of the following is a common problem in sealed bid markets?
A)bid rigging
B)discriminatory pricing
C)persistent bidding
D)seller nonperformance

Question

Quizplus · Accepted Answer

Bid rigging is a common problem in sealed bid markets where bidders collude to rig the bidding process in their favor. This can result in artificially high prices and unfair treatment of other bidders. Discriminatory pricing, persistent bidding, and seller nonperformance can also be problems in sealed bid markets, but are not as common as bid rigging.

Which of the Following Is a Common Problem in Sealed