In an ascending value auction, a bidder attempts to win a certain ...

[bobbysung]

In an ascending value auction, a bidder attempts to win a certain object by bidding a price below his valuation but higher than anyone else's bid.
  Indicate whether the statement is true or false

Question 2

A monopolist's demand curve is less elastic than a perfect competitor's demand curve.
 a. True
  b. False
  Indicate whether the statement is true or false

[hanadaa]

Answer to Question 1

T

Answer to Question 2

True

[bobbysung]

Thanks for the timely response, appreciate it

[nathang24]

YES! Correct, THANKS for helping me on my review