The winners curse is more often associated with; a. oral ...

[big1devin]

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.

[leahchrapun]

Answer to Question 1

d

Answer to Question 2

c

[big1devin]

Excellent

[Missbam101]

Thanks for the timely response, appreciate it