In a first-price sealed-bid auction, the ________ bidder wins the ...

[sc00by25]

In a first-price sealed-bid auction, the ________ bidder wins the good being auctioned.
 
  A) lowest
  B) second-highest
  C) highest
  D) first

Question 2

Comparatively speaking, buildings are more likely to be physically ________ in regions where land prices are relatively ________.
 
  A) taller; low
  B) shorter; high
  C) taller; high
  D) shorter; stable

[mcabuhat]

Answer to Question 1

C

Answer to Question 2

C

[sc00by25]

TYSM

[okolip]

Thanks for the timely response, appreciate it