Using bilateral negotiation auctions,economist John List found that ________.
A) sellers refused to strike deals with buyers in private negotiations
B) exchanges converged fairly rapidly to the market equilibrium price
C) buyers failed to capture any consumer surplus
D) his findings were very different from economist Vernon Smith's earlier double oral auction experiments

Question

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John List found that exchanges converged fairly rapidly to the market equilibrium price in his bilateral negotiation auctions.

Using Bilateral Negotiation Auctions,economist John List Found That ________