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Dashboard Manage Quizzes Live Results 0 Refresh Room: WHKHCFSKG SAVE & EXIT o p l v Edit Quiz Share Quiz: SOC-21114578 Auctions + Add Tag EDIT #1 Correct Answer: r In an English auction the best strategy of the buyer is to bid the amount at which they actually value the good. True False w k m y EDIT #2 Correct Answer: r True False w k m y In an English auction the seller will not be able to sell the good at the highest price he could possibly dream of.
EDIT #3 In an English auction the good will be eventually sold to the buyer who values the good the most Socrative
1 of 4 07/03/2016 11:15
EDIT #4 Correct Answer: r In a Dutch auction the buyer buys the good if its price is less or equal to what he's willing to pay for the good. True False w k m y EDIT #5 In a Dutch auction a sale requires more than one bid.
EDIT #6 Dutch auctions tend to generate higher prices than other auctions.

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