« previous next »

Author Question: Which of the following is a similarity between a first-price sealed-bid auction and a Dutch auction? ... (Read 89 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?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Typical box used for the disposal of bagged, sealed, and autoclaved biological waste. Typical box used for the disposal of bagged, sealed, and autoclaved biological waste.
The striking structural similarity between the translocation factor EF-G (right) and the ternary The striking structural similarity between the translocation factor EF-G (right) and the ternary
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Gestalt Principle: Similarity Gestalt Principle: Similarity
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
"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: Types of Burns

For a complete list of videos, visit our video library