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For Example: a Government Wishes to Auction 5 Million Bonds

Question 39

Multiple Choice

For example: a government wishes to auction 5 million bonds (quantity) and three potential buyers submit bids. For example: a government wishes to auction 5 million bonds (quantity)  and three potential buyers submit bids.   In a discriminatory auction: A)  Buyer A pays $1,110 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 In a discriminatory auction:


A) Buyer A pays $1,110 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

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