This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The optimal bidding strategy for a second-price auction is a. To bid your true value b. To shade ... (Read 79 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sabina576

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


HCHenry

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: Jul 1, 2018
Thank you


sabina576

  • Sr. Member
  • ****
  • Posts: 356
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Optimal foraging behaviour in shore crabs. Optimal foraging behaviour in shore crabs.
true story true story
Average optimal blood pressure for age Average optimal blood pressure for age
Alan Price - Poor People Alan Price - Poor People
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Fermentations use a common strategy to regenerate oxidized NAD+ Fermentations use a common strategy to regenerate oxidized NAD+
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library