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A sort of tacit understanding/agreement among the intending bidders to stifle competition by not bidding against each other in an auction sale is called as

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Question:

A sort of tacit understanding/agreement among the intending bidders to stifle competition by not bidding against each other in an auction sale is called as

A.

Damping

B.

Knock-out agreement

C.

Puffers

D.

By-bidders

Answer» b. Knock-out agreement

Note: The above multiple-choice question is for all general and Competitive Exams in India.