Question

which theory holds that the optimal bidding strategy for a supplier is to simply bid marginal cost? 1. macro-economic 2. micro-economic 3. economies of scale 4. diseconomies of scale

Answer 1

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Question :- which theory holds that the optimal bidding strategy for a supplier is to simply bid marginal cost?
1. macro-economic
2. micro-economic
3. economies of scale
4. diseconomies of scale

Answer :- 3) ECONOMIES OF SCALE.

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