Bid-rigging is less likely in
a. oral auctions
b. second-price auctions
c. first-price sealed-bid auctions
d. all are equally likely
c
Economics
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Advertising costs
A) make the marginal revenue more elastic. B) shift the ATC curve upward. C) shift the marginal cost curve rightward. D) indirectly shift the marginal cost curve upward. E) affect the marginal cost but not the total cost.
Economics
Persistent government budget deficit result in ________ taxes and a ________ stock of capital in the future
A) higher, larger B) lower, larger C) higher, smaller D) lower, smaller
Economics