In certain high-cost defense contracts involving new weapons and equipment, contracts are rarely subject to competitive bidding because

ACCOUNTING

Multiple Choice

In certain high-cost defense contracts involving new weapons and equipment, contracts are rarely subject to competitive bidding because

a. the government is concerned that one firm might monopolize defense contracts.

b. there is an implicit agreement among defense contractors to “share contracts.”

c. all defense contractors have essentially the same cost structure.

d. of none of the above.

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