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redrider89 redrider89
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Posts: 531
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6 years ago
In a common-value setting
 a. Oral auctions tend to return higher prices
 b. Sealed bid auctions tend to return higher prices
  c. Vickery auctions tend to return higher prices
 d. Rotating bid auctions tend to return higher prices

QUESTION 2

Supplier power tends to be high when
 a. your firm purchases critical inputs from the supplier
  b. your input choices are highly differentiated
 c. Both A&B
 d. None of the above

QUESTION 3

The winners curse is worse when
 a. There are fewer bidders
 b. Your rivals do not have as much information as you do
  c. Your rivals have more information than you do
 d. All of the above

QUESTION 4

Which of the following could potentially capture the value created in a market
 a. Suppliers
 b. Industry rivals
 c. Buyers
 d. All of the above

QUESTION 5

To avoid the winners curse
 a. Bid as if you have estimated the valuation higher than any other bidder
  b. Bid as if you have estimated the valuation highest
 c. Bid as if you are the smartest of all the bidders
 d. Bid as if everyone else has a terrible estimate of the value of the product
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sbray18sbray18
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Posts: 304
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6 years ago
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redrider89 Author
wrote...
#2
6 years ago
Smiling Face with Glasses Feeling super confident now, TY
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