(Consider This) Approximately what percentage of start-up firms in the United States go bankrupt within the first two years?

What are economies of scale? What are diseconomies of scale?

What will be an ideal response?

This factor contributes to the winner's curse

a. your estimate of the value of the object was not the most optimistic b. your bid was the highest c. there were not many other bidders you had to beat out d. you shaded your bid too much