Bank id 20021 type multiple choice correct if you are

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QUESTION:6[QUESTION BANK ID:20021]TYPE:MULTIPLE CHOICECORRECTIf you are planning a common value auction and suspect that collusion may occur, whichof the following should you NOT do?<< HIDE ANSWERSAHold one large auction instead of several small auctionsBHold a sealed bid auction instead of an open auctionCProvide additional information about the products to the potential biddersDPublish a list of the people that you expect to attend the auctionQUESTION:7[QUESTION BANK ID:31975]TYPE:MULTIPLE CHOICEINCORRECTAn oral auction with values of $4, $6, $9, $12, $13, and $15 is currently taking place. What will the winning bidder pay?<< HIDE ANSWERSA10B11C13D15QUESTION:8TYPE:MULTIPLE CHOICE
4[QUESTION BANK ID:89050]CORRECTIf two firms producing substitutes agree to fix prices, then their prices will 1.____________ . If two firms producing complements agree to fix prices, then their prices will 2.____________ .<< HIDE ANSWERSA1. increase; 2. increaseB1. decrease; 2. decreaseC1. increase; 2. decreaseD1. decrease; 2. increaseQUESTION:9[QUESTION BANK ID:114553]TYPE:MULTIPLE CHOICECORRECTWhich is NOT an example of bundling?<< HIDE ANSWERSAAn extra value meal at Wendy’sBA buy-one-get-one-half-off sale at Foot LockerCMicrosoft OfficeDA large tub of popcorn at the movie theatreQUESTION:10[QUESTION BANK ID:107511]TYPE:MULTIPLE CHOICECORRECT
5<< HIDE ANSWERSASell only to commercial usersBSell only to home usersCSell to both home and commercial users at two pricesDNone of the aboveQUESTION:11[QUESTION BANK ID:93268]TYPE:MULTIPLE CHOICECORRECTThe demand for insurance arises from people who are<< HIDE ANSWERSARisk-seekingBRisk-neutralCRisk-averseDNone of the aboveQUESTION:12[QUESTION BANK ID:10799]TYPE:MULTIPLE CHOICECORRECTWhen are collusions least likely to occur?<< HIDE ANSWERSA
6Oral AuctionsBSecond-Price AuctionsCSmall, frequent auctionsDBig, infrequent auctionsQUESTION:13[QUESTION BANK ID:65833]TYPE:MULTIPLE CHOICEINCORRECTWhich of the following is an example of an effective screening technique?<< HIDE ANSWERSAA car maker advertising the high quality of their carBA customer providing an insurance company with his/her credit reportCA company asking the average speed you driveDA person who decides to pursue his MBA

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