Rewrite the Following as a Product of Trigonometric Functions $$\sin \frac { \pi } { 11 } + \sin \frac { \pi } { 4 }$$

question 37

Multiple Choice

Rewrite the following as a product of trigonometric functions.
- $$\sin \frac { \pi } { 11 } + \sin \frac { \pi } { 4 }$$

• A) \(2 \cos \frac { 15 \pi } { 88 } \cos \frac { 7 \pi } { 88 }\)
• B) \(2 \sin \frac { 15 \pi } { 88 } \sin \frac { 7 \pi } { 88 }\)
• C) \(2 \sin \frac { 15 \pi } { 88 } \cos \frac { 7 \pi } { 88 }\)
• D) \(2 \cos \frac { 15 \pi } { 88 } \sin \frac { 7 \pi } { 88 }\)

Understand the concept of common value auctions and how they differ from private value auctions.

Identify factors contributing to the winner's curse in auctions and strategies to mitigate it.

Recognize the significance of information sharing in common value auctions to bidders and auctioneers.

Understand the mechanisms and implications of bid-rigging cartels and strategies to avoid them.

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Definitions:

OPEC Cartel

The Organization of the Petroleum Exporting Countries, a group of oil-producing nations that coordinates policies and prices of petroleum.

World Supply

The total amount of a particular good or service that is available for purchase on the global market.

Quadrupled

To increase or be increased fourfold, a term often used in finance, demography, and general quantitative analysis to describe significant growth or expansion.

Market Power

The ability of a company or entity to influence the price and output levels in a market.