Bank id 69050 type multiple choice correct if you

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QUESTION:10[QUESTION BANK ID:69050]TYPE:MULTIPLE CHOICECORRECTIf you suspect collusion in auctions, what should you NOT do?<< HIDE ANSWERSAHold open auctionsBHold large, infrequent auctions
CKeep bidding information confidentialDReward purchasing agents for low price
QUESTION:11[QUESTION BANK ID:11321]TYPE:MULTIPLE CHOICECORRECT<< HIDE ANSWERS
QUESTION:12[QUESTION BANK ID:117217]TYPE:MULTIPLE CHOICECORRECTAfter acquiring a substitute product, to achieve greater profitability, one should<< HIDE ANSWERS
QUESTION:13[QUESTION BANK ID:47334]TYPE:MULTIPLE CHOICECORRECTYou’ve just decided to add a new line to your manufacturing plant. Compute the expected loss/profit from the line addition if you estimate the following: There is a 70% chance that profits will increase by 
<< HIDE ANSWERS
QUESTION:14[QUESTION BANK ID:115631]TYPE:MULTIPLE CHOICECORRECTIf you were attempting to reduce the possibility of moral hazard with your employees using corporate car insurance, you would NOT<< HIDE ANSWERSAHire a private investigator to follow your employees while they driveBReward employees for safe drivingCRemove all the safety features from your employees’ carsDTry to determine which employees are safe drivers before offering them insurance
QUESTION:15[QUESTION BANK ID:37567]TYPE:MULTIPLE CHOICECORRECTYou are considering entry into a market in which there is currently only one producer (incumbent). Entry will require $20k in fixed costs per year (avoidable at the end of each year). If you enter, the incumbent can take one of two strategies, price low or price high. If they price high, then you expect a $60k profit peryear. If they price low, then you expect a $20k loss per year. You should enter if you believe:<< HIDE ANSWERS

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