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A bid rotation scheme in a cartel is where • a. The cartel members do not...

A bid rotation scheme in a cartel is where • a. The cartel members do not participate in auctions • b. The cartel members never bid against each other • c. The cartel members take turns winning the bids and do not bid against the member whose turn it is to win

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Answer #1

"C"

The cartel members take turns winning the bids and do not bid against the member whose turn it is to win, it is illegal and is a form of tacit collusion.

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