Which of the following industries is an illustration of homogeneous oligopoly?

A basic principle in management is that where there is risk, there is ________

a. Opportunity b. Reliability c. Decision making d. Extenuating circumstances

The more bidders there are at a second-price auction,

a. the higher the expected selling price b. the higher each bidder bids c. the more each bidder will shade his bid d. the less each bidder will shade his bid