In a sealed-bid, second-price auction, you should bid A) your ...

[K@]

In a sealed-bid, second-price auction, you should bid
 
  A) your estimate of what others value the good at.
  B) one dollar more than your estimate of what the second-highest bid will be.
  C) your highest value.
  D) the common value of the good.

Question 2

What is one reason suppliers might offer a discount for quantity purchases?
 
  A) reduced storage costs
  B) lower marginal cost
  C) lower marginal benefit
  D) price gouging

[dawsa925]

Answer to Question 1

C

Answer to Question 2

A

[K@]

Thanks for the timely response, appreciate it

[nyrave]

YES! Correct, THANKS for helping me on my review