To attract more bidders,and more aggressive bidders,to your common-value auction
A)reveal all of the relevant information about the value of the object
B)don't allow bidders to know how others are bidding
C)do not allow potential bidders to examine the object too closely
D)do not hold oral auctions

Question

To attract more bidders,and more aggressive bidders,to your common-value auction​
A)​reveal all of the relevant information about the value of the object
B)don't allow bidders to know how others are bidding
C)do not allow potential bidders to examine the object too closely
D)​do not hold oral auctions

Quizplus · Accepted Answer

By revealing all of the relevant information about the value of the object, potential bidders can make more informed decisions about how much to bid. This will attract more bidders who are confident in their ability to accurately assess the value of the object. It may also attract more aggressive bidders who are willing to outbid others who have made less informed decisions.

To Attract More Bidders,and More Aggressive Bidders,to Your Common-Value Auction​

To Attract More Bidders,and More Aggressive Bidders,to Your Common-Value Auction