This factor contributes to the winner's curse
a. your estimate of the value of the object was not the most optimistic
b. your bid was not the highest
c. there were not many other bidders you had to beat out
d. you did not shade your bid enough
QUESTION 2MBA Degree Programs Every year various business magazines rank the quality of the different MBA programs. Why don't all prospective students flock to the highest ranked program?
QUESTION 3This factor contributes to the winner's curse
a. your estimate of the value of the object was not the most optimistic
b. your bid was not the highest
c. there were many other bidders that you beat out
d. you shaded your bid too much
QUESTION 4Brand Name Drug Industry Dynamics Market approval in the US for new pharmaceutical products is a long, arduous, and expensive process. Once approved, patent protection keeps close substitute products from entering for some years. If the demand for a particular product is stable, what would you predict for the profitability after approval and prior to patent expiration?
QUESTION 5This factor contributes to the winner's curse
a. your estimate of the value of the object was not the most optimistic
b. your bid was the highest
c. there were not many other bidders you had to beat out
d. you shaded your bid too much
QUESTION 6Generic Drug Industry Dynamics When a brand name drug's patent protection expires, many generic producers are usually ready to enter the market. These firms' products are close substitutes, they have similar production technologies, the regulatory hurdles to enter are not so great, and, within a few months, there are plenty of rivals. What would you predict for the profitability during these first few months after generic drug entry?
QUESTION 7This factor contributes to the winner's curse
a. your estimate of the value of the object was the most optimistic
b. your bid was not the highest
c. there were not many other bidders you had to beat out
d. you shaded your bid too much
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