« previous next »

Author Question: Which of the following is a similarity between a first-price sealed-bid auction and a Dutch auction? ... (Read 82 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?

Your heart beats over 36 million times a year.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Alan Price - Poor People Alan Price - Poor People
Price of Computers, 1982–2010 Price of Computers, 1982–2010
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
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 ...
For Transport, Put the Amputated Part in a Dry, Sealed Bag and Place It in Cool Water That Contains For Transport, Put the Amputated Part in a Dry, Sealed Bag and Place It in Cool Water That Contains
"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: Major Elements in Biological Molecules: Lipids

For a complete list of videos, visit our video library