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Author Question: The indifference principle states that a. If an asset is mobile, then in the long run, it will be ... (Read 51 times)

MirandaLo

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on: Jul 1, 2018
The indifference principle states that
 a. If an asset is mobile, then in the long run, it will be indifferent about where it is used
  b. In the long run, a mobile asset will make the same profit, no matter where it goes
  c. If an asset is mobile, then in the long run, it would stay with the first user
 d. Only A&B

Question 2

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


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mcabuhat

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

d

Answer to Question 2

a


MirandaLo

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Reply #2 on: Jul 1, 2018
Thank you :)


mcabuhat

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Reply #3 on: Jul 1, 2018
Happy to help you


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