1. Which Statement below is FALSE? Answer: (A) RTOs in the U.S. apply two-stage settlement system. (B) Power can flow from high LMP nodes to low LMP nodes. (C) Virtual bids are modeled in Real-time Markets in U.S. RTOS. (D) Most unit commitment decisions are made in Day-ahead Markets in U.S. RTOS. 2. Which Statement below is FALSE? Answer: (A) Ownership of the transmission grid is fragmented. (B) Transmission costs are allocated roughly commensurate with estimated benefits. (C) A11 RTOs in the U.S. have yearly auctions of capacity market. (D) Capacity market auction prices are zonal in MISO. 1. Which Statement below is FALSE? Answer: (A) RTOs in the U.S. apply two-stage settlement system. (B) Power can flow from high LMP nodes to low LMP nodes. (C) Virtual bids are modeled in Real-time Markets in U.S. RTOS. (D) Most unit commitment decisions are made in Day-ahead Markets in U.S. RTOS. 2. Which Statement below is FALSE? Answer: (A) Ownership of the transmission grid is fragmented. (B) Transmission costs are allocated roughly commensurate with estimated benefits. (C) A11 RTOs in the U.S. have yearly auctions of capacity market. (D) Capacity market auction prices are zonal in MISO