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Author Question: In an English auction A) the price decreases until someone bids. B) the price increases until ... (Read 65 times)

asan beg

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on: Jul 1, 2018
In an English auction
 
  A) the price decreases until someone bids.
  B) the price increases until nobody else will raise the bid.
  C) bidders put their bids in a sealed envelope.
  D) the winning bidder pays the amount bid by the person with the second highest bid.

Question 2

A specialized rice grower sells rice in two markets, the United States and Japan, and the marginal cost is the same in both markets. The price elasticity of demand in the United States is -2.0, and the price elasticity of demand in Japan is -1.5.
 
  If the grower practices group price discrimination, which country's consumers will pay a higher price and by how much?
Microeconomics ¦ Perloff ¦ 8th Edition
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SeanoH09

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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asan beg

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

lcapri7

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Reply 3 on: Yesterday
Excellent

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