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In a Dutch auction, the winner pays a price equal to ________.

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7 years ago

In a Dutch auction, the winner pays a price equal to ________.

In a Dutch auction, the winner pays a price equal to ________.
A) the market price of the good
B) the value of the lowest bid
C) his value for the good
D) his bid

Textbook

Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

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Solved In a first-price sealed-bid auction, the winner pays

tuggy Author

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7 years ago

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