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Author Question: The concept of mean reversion is defined by a. the tendency of profits to revert to zero b. the ... (Read 19 times)

rl

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on: Jul 1, 2018
The concept of mean reversion is defined by
 a. the tendency of profits to revert to zero
 b. the tendency of costs to revert to zero
 c. the tendency of economic profits to revert to zero
  d. the tendency of profits to revert to negative

Question 2

A second-price auction
 a. is also called a Vickrey auction
 b. is where bidders submit increasing bids until all but one remains
  c. is where the sole remaining bidder wins and pays his winning bid
  d. all of the above


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KKcool

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

c

Answer to Question 2

a


rl

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

scikid

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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