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Question 21 3 pts Which of the following statements is TRUE about a single-price auction? A. Non-competitive bidder can guarantee their quantity. B. Competitive bidders

Question 21 3 pts Which of the following statements is TRUE about a single-price auction? A. Non-competitive bidder can guarantee their quantity. B. Competitive bidders can guarantee their quantity. C. Competitive bidders pay less than or equal to the price they bid. D. A and C are correct. Question 22 3 pts Compared to that of stock market, the price discovery process in bond market is less efficient because: A. Bond trading is highly fragmented B. Transaction data is readily available to all market participants C. Bonds are traded mainly on centralized flatforms D. A and C are correct

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