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Author Question: The optimal bidding strategy for a second-price auction is a. To bid your true value b. To shade ... (Read 93 times)

HCHenry

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on: Jul 1, 2018
The optimal bidding strategy for a second-price auction is
 a. To bid your true value
  b. To shade your bid well below your true value
  c. To shade your bid just a little below your true value
  d. To size up your competition to determine how much to shade your bid

Question 2

Price controls:
 a. are always popular with consumers because they lower prices.
  b. create shortages.
  c. increase producer surplus because firms can now sell a greater quantity of a good at a lower price.
  d. are necessary to preserve equity.


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sabina576

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


HCHenry

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Reply #2 on: Jul 1, 2018
Thank you


sabina576

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Reply #3 on: Jul 1, 2018
No problemo


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