Asked by Attayania Kaila on Sep 24, 2024
Verified
_______losing bidders lead to _____winning bids
A) Stronger;raise
B) Weaker;reduce
C) Stronger;raise
D) None of the above
Losing Bidders
Participants in an auction who submit bids but do not win the item or contract being auctioned.
Winning Bids
The highest offers made in an auction or tender process that secure the right to purchase goods or services.
- Examine how the quantity of participants influences the result of an auction.
Verified Answer
HW
Harish Walkerabout 20 hours ago
Final Answer :
C
Explanation :
Stronger competition among bidders typically leads to higher winning bids as each bidder pushes to outdo the others.
Learning Objectives
- Examine how the quantity of participants influences the result of an auction.