« previous next »

Author Question: Which of the following is a similarity between a first-price sealed-bid auction and a Dutch auction? ... (Read 61 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
Which of the following is a similarity between a first-price sealed-bid auction and a Dutch auction?
 
  A) Bids are placed privately in both the auctions.
  B) Bids are placed publicly in both the auctions.
  C) Bidders place their bids simultaneously in both the auctions.
  D) The winner pays an amount equal to his bid in both the auctions.

Question 2

A collusion breaks down if ________.
 
  A) a firm charges a price higher than the price set by the other colluding firms
  B) a firm charges a price lower than the price set by the other colluding firms
  C) the price set by the colluding firms equals the marginal cost of production
  D) the price set by the colluding firms exceeds the marginal cost of production


leannegxo

  • Sr. Member
  • ****
  • Posts: 374
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Interview with an Anorexic Woman (Part 1 of 2)

For a complete list of videos, visit our video library