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Author Question: In a sealed-bid, second-price auction, you should bid A) your estimate of what others value the ... (Read 72 times)

K@

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on: Jul 1, 2018
In a sealed-bid, second-price auction, you should bid
 
  A) your estimate of what others value the good at.
  B) one dollar more than your estimate of what the second-highest bid will be.
  C) your highest value.
  D) the common value of the good.

Question 2

What is one reason suppliers might offer a discount for quantity purchases?
 
  A) reduced storage costs
  B) lower marginal cost
  C) lower marginal benefit
  D) price gouging


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dawsa925

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

C

Answer to Question 2

A


K@

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  • Posts: 608
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

lkanara2

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

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