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tuggy tuggy
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7 years ago
Beth is participating in an open outcry Dutch auction. Bidding starts at $500, and her maximum williness to pay is $400.  The total number of bidders participating in the auction is 4.  Her optimal bid strategy is to buy when the price reaches ________.
A) $320
B) $300
C) $375
D) $125
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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tuggy Author
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#2
7 years ago
Thanks for answering correctly
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