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Category > Economics Posted 29 Apr 2017 My Price 2.00

If a seller is concerned about collusion among bidders

If a seller is concerned about collusion among bidders, which of the following changes to the auction should the seller make?

a. Hold frequent, small auctions instead of infrequent large auctions.

b. Conceal the amount of winning bids.

c. Publically announce the name of each auction’s winner.

d. Hold a second-price instead of a firstprice auction.

 

Answers

(8)
Status NEW Posted 29 Apr 2017 06:04 AM My Price 2.00

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file 1493449046-Answer.docx preview (123 words )
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