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AndrewKraus AndrewKraus
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6 years ago
Which of the following is a difference between a second-price sealed-bid auction and an English auction?
A) The highest bidder wins in a second-price sealed-bid auction while the second-highest bidder wins in an English auction.
B) The second-highest bidder wins in a second-price sealed-bid auction while the highest bidder wins in an English auction.
C) Bids are placed privately in a second-price sealed-bid auction while bids are placed publicly in an English auction.
D) Bids are placed one after another in a second-price sealed-bid auction while bids are placed simultaneously in an English auction.
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Microeconomics

Microeconomics


Edition: 1st
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SimplemanSimpleman
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AndrewKraus Author
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#2
6 years ago
Needed this for my economics assignment, thanks
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