Author Question: The concept of mean reversion is defined by a. the tendency of profits to revert to zero b. the ... (Read 26 times)

rl · **on:** Jul 1, 2018

The concept of mean reversion is defined by
a. the tendency of profits to revert to zero
b. the tendency of costs to revert to zero
c. the tendency of economic profits to revert to zero
d. the tendency of profits to revert to negative

Question 2

A second-price auction
a. is also called a Vickrey auction
b. is where bidders submit increasing bids until all but one remains
c. is where the sole remaining bidder wins and pays his winning bid
d. all of the above