Which of the Following Auctions Are Strategically Equivalent for Bidders

question 4

Multiple Choice

Which of the following auctions are strategically equivalent for bidders holding private values?

• A)English auction and Dutch auction
• B)Sealed-bid auction and second-price auction
• C)English auction and Vickrey auction
• D)Vickrey auction and Dutch auction
• E)Vickrey auction and sealed-bid auction

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Definitions:

Profitable

Generating more revenue than the expenses incurred, resulting in a financial gain for the business.

Good Investment

An asset or item that is purchased with the hope that it will generate income or appreciate in the future.

E-commerce

E-commerce involves buying and selling goods or services over the Internet, and the transfer of money and data to execute these transactions.

Retail Sales

The selling of goods and services directly to consumers for their personal use, typically in small quantities.