In a second-price sealed-bid auction,which is known as a ________,the item is awarded to the highest bidder,but at the second-highest price that was bid to alleviate bidders' fears of significantly exceeding the item's true market value.

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The Answer of In a second-price sealed-bid auction,which is known as a ________,the item is awarded to the highest bidder,but at the second-highest price that was bid to alleviate bidders' fears of significantly exceeding the item's true market value.

In a Second-Price Sealed-Bid Auction,which Is Known as a ________,The