The individual with the highest valuation of the good will win in which of the following auctions?
A) English Auction
B) Dutch Auction
C) Sealed Bid Auction
D) All of the above.

Question

Quizplus · Accepted Answer

In all these auction formats (English, Dutch, and Sealed Bid), the individual who values the good the most (and thus is willing to bid the highest amount) is typically the winner, as each format ultimately awards the item to the highest bidder, albeit through different mechanisms.

The Individual with the Highest Valuation of the Good Will