A bank with insufficient reserves can increase its reserves by

Appendix: Common value auctions with open bidding necessarily entail

a. asymmetric information b. ascending prices c. more than two bidders d. amendment of bids e. sealed final offers.

Which of the following is likely to reduce the impact of a monopsony?

a. Absence of competing firms b. Higher search costs c. An increased ability of workers to relocate elsewhere d. Higher movement and information costs