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tuggy tuggy
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6 years ago
Which of the following statements is true?
A) In cases of auctions and bilateral negotiations, prices tend to approach the competitive equilibrium.
B) Bilateral negotiations allow a single buyer and a single seller to privately negotiate with bids and asks.
C) In auctions, buyers prefer buying from sellers with the highest ask prices.
D) In auctions, sellers prefer selling to buyers with the lowest bid prices.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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