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Author Question: For the following, please answer "True" or "False" and explain why.In auctions, the winner always ... (Read 157 times)

Deast7027

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Question 1

Explain why it is unwise to bid more than your valuation of the good in a sealed bid second-price auction.

Question 2

For the following, please answer "True" or "False" and explain why.


In auctions, the winner always pays a price equal to the highest (his) bid.


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Marked as best answer by Deast7027 on Mar 14, 2021

welcom1000

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Deast7027

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Reply 2 on: Mar 14, 2021
Gracias!


flexer1n1

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Reply 3 on: Yesterday
:D TYSM

 

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