With which choice are you more likely to avoid Bid-rigging cartels?
a. Holding smaller auctions
b. Holding larger auctions
c. Holding infrequent auctions
d. Both B&C
d
Economics
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Explain why gold, despite its value, is difficult to use as a medium of exchange
What will be an ideal response?
Economics
Assume the price of good X is Px, price of good Y is Py, and B is the budget. The formula for the budget line for these two goods is:
a. PyQy / PxOx. b. PxB + PyB = B. c. PxX + PyY = B. d. (1 ? Py / B) Px.
Economics