Examlex
Which of the following is not an argument supporting unregulated markets?
Bid-rigging
A form of fraud where competitors collude to inflate prices in procurement bids, undermining fair competition.
Cartels
Associations of independent businesses or organizations that agree to regulate production, pricing, and marketing of goods to maximize profits.
Winning Bids
Offers in an auction that outmatch all others, securing the auctioned item or service for the bidder.
Bid-rigging
An illegal agreement between parties to fix the outcome of a bidding process to benefit themselves at the expense of others.
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