This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The winner in a first-price sealed-bid auction pays an amount equal to ________. A) his bid B) ... (Read 90 times)

genevieve1028

  • Hero Member
  • *****
  • Posts: 601
on: Jun 29, 2018
The winner in a first-price sealed-bid auction pays an amount equal to ________.
 
  A) his bid
  B) the second-highest bid
  C) half of his bid
  D) the lowest bid

Question 2

Which of the following is true when a Nash equilibrium is reached in a duopoly with homogeneous products?
 
  A) Both the firms earn positive economic profits.
  B) Each firm charges a price equal to its average fixed cost.
  C) Both the firms earn zero economic profits.
  D) Both firms incur huge losses.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kkenney

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


genevieve1028

  • Member
  • Posts: 601
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Patients of all socioeconomic backgrounds should be given equal care. Patients of all socioeconomic backgrounds should be given equal care.
The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ... The National Organization for Women holds a rally in Illinois for the Equal Rights Amendment. In ...
Torque is a twisting force equal to the distance from the pivot point times the force applied ... Torque is a twisting force equal to the distance from the pivot point times the force applied ...
Understanding Food Claims Not all label claims are created equal! Understanding Food Claims Not all label claims are created equal!
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Video: Immune responses Animation

For a complete list of videos, visit our video library