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Author Question: Overbidding in a second-price sealed-bid auction is likely to result in a ________. A) negative ... (Read 63 times)

jho37

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Overbidding in a second-price sealed-bid auction is likely to result in a ________.
 
  A) negative consumer surplus
  B) positive consumer surplus
  C) zero producer surplus
  D) negative producer surplus

Question 2

In the figure above, suppose the government provides vouchers worth 15,000 per student per year. Then the market equilibrium occurs at a tuition of ________ a year and ________ million students.
 
  A) 10,000; 15
  B) 25,000; 15
  C) 15,000; 15
  D) 15,000; 7.5
  E) 20,000; 20



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Mollythedog

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Answer to Question 1

A

Answer to Question 2

A




jho37

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Reply 2 on: Jun 29, 2018
:D TYSM


mammy1697

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Reply 3 on: Yesterday
Wow, this really help

 

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