Auctions can be differentiated on the basis of ________. A) ...

[captainjonesify]

Auctions can be differentiated on the basis of ________.
 
  A) the number of buyers
  B) the number of sellers
  C) the way in which people place their bids
  D) the degree of competition among buyers

Question 2

Tom and Billy are playing a game. They both toss a coin simultaneously. If both are heads or tails, Tom wins. If the results of the tosses are different, Billy wins. This is an example of a(n) ________.
 
  A) prisoners' dilemma
  B) variable-sum game
  C) zero-sum game
  D) extensive-form game

[fdliggud]

Answer to Question 1

C

Answer to Question 2

C