Bid-rigging is more likely when

Question

Quizplus · Accepted Answer

Bid-rigging is more likely when the auction generates the same set of potential bidders. This is because bidders are able to collude more easily with a smaller, predetermined group than with a larger, diverse group. Infrequent auctions (B) can also increase the likelihood of bid-rigging as bidders are more likely to take advantage of the limited opportunities. However, the size of the auction (A) and the payment method of the auctioneer (D) are not directly related to the likelihood of bid-rigging.

Bid-Rigging Is More Likely When