Suppose that a government wishes to auction 5 million bonds (quantity) , and three potential buyers submit the following bids:
In a discriminatory auction,
A) Buyer A pays $1,015 and Buyer B pays $1,000.
B) Buyer A pays $1,000 and Buyer B pays $1,000.
C) Buyer A pays $990 and Buyer B pays $990.
D) Buyer A pays $1,000 and Buyer C Pays $990.
Correct Answer:
Verified
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