Author Question: The winners curse is more often associated with; a. oral auctions b. second-price auctions c. ... (Read 88 times)

big1devin · **on:** Jul 1, 2018

The winners curse is more often associated with;
a. oral auctions
b. second-price auctions
c. first-price sealed bid auctions
d. common value auctions

Question 2

Under a perfectly competitive price system:
a. an equitable allocation of the available resources will always result.
b. there is no opportunity for individuals to trade amongst themselves.
c. there is no reason to expect that voluntary trading will result in an equitable allocation of the available resources.
d. none of the above.