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Which of the following is a difference between a second-price sealed-bid auction and an English ...

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Which of the following is a difference between a second-price sealed-bid auction and an English ...

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.

Textbook

Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

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AndrewKraus Author

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7 years ago

Needed this for my economics assignment, thanks

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