In common value auctions
a. Every bidder know the value of the object being sold
b. Each bidder makes the same estimate of the value of the good
c. Bidders do not know the estimates of the others
d. The true value of the item differs across bidders
c
Economics
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Assuming the inverse demand function for good Z can be written as P = 90 - 3Q, the corresponding total revenue function is:
A) 6Q. B) 90 - 6Q. C) 90 - 3Q. D) 90Q - 3Q2.
Economics
IPOs have become very important in the U.S. economy because they are a major source of financing for
A) so-called "blue-chip" companies. B) hedge funds. C) internet companies. D) mutual funds.
Economics