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Author Question: Which of the following is a difference between an English auction and a Dutch auction? A) Bids ... (Read 96 times)

Redwolflake15

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on: Jun 29, 2018
Which of the following is a difference between an English auction and a Dutch auction?
 
  A) Bids are placed publicly in an English auction while bids are placed privately in a Dutch auction.
  B) The bidder who values the good the most wins in an English auction while the bidder who values the good the least wins in a Dutch auction.
  C) An English auction is an ascending price auction while a Dutch auction is a descending price auction.
  D) An English auction is a descending price auction while a Dutch auction is an ascending price auction.

Question 2

Production points inside the PPF are
 
  A) efficient but not attainable.
  B) efficient and attainable.
  C) inefficient and not attainable.
  D) inefficient and attainable.


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Loise Hard

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Redwolflake15

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

xiaomengxian

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Reply 3 on: Yesterday
:D TYSM

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