× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
y
2
s
2
a
1
w
1
w
1
i
1
m
1
s
1
c
1
k
1
1
m
1
New Topic  
corie corie
wrote...
Posts: 767
6 years ago
What is the dominant strategy for bidders in an English oral auction?
A) Keep bidding until all other bidders quit, regardless of your reservation price.
B) Bid until the previous bid price equals the reservation price of the last bidder.
C) Bid until the first-price and second-price bids are equal.
D) Stop bidding once the price exceeds your reservation price.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 36 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
D
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1210 People Browsing
 189 Signed Up Today
Related Images
  
 789
  
 248
  
 2779