Solved

In an Independent Private Values Sealed- Bid Second- Price Auction

Question 65

Multiple Choice

In an independent private values sealed- bid second- price auction, if a participant bids more than their valuation this_______ _ an inferior strategy because the high bid_______ _.


A) is; can only lower the amount paid
B) is not; cannot affect the amount paid or raise the amount paid
C) is not; can only lower the amount paid
D) is; cannot affect the amount paid or raise the amount paid

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents