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Author Question: In a second-price sealed-bid auction, the ________ bidder wins the item. A) second-highest B) ... (Read 91 times)

dollx

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on: Jun 29, 2018
In a second-price sealed-bid auction, the ________ bidder wins the item.
 
  A) second-highest
  B) highest
  C) first
  D) lowest

Question 2

A collusion can work if ________.
 
  A) a colluder can cheat without being detected
  B) a colluder values future monopoly profits more than current profits
  C) a colluder charges a price higher than his partners
  D) a colluder gives secret price discounts


SVictor

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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