Which of the Following Assumptions Will Lead to Identical Expected

question 2

Multiple Choice

Which of the following assumptions will lead to identical expected revenues under the English,sealed-bid,Dutch,and Vickrey auctions?

• A)The true value of the good being auctioned is uncertain
• B)Some buyers adopt a dominant strategy
• C)All risk-neutral buyers adopt the equilibrium bidding strategies
• D)The probability that all competitors will choose the same bidding strategy is zero
• E)There are a large number of bidders with different reservation prices

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Definitions:

Executory

Describing a contract or deed yet to be fully executed or performed, often depending on certain conditions being met.

Voluntary Agreement

A mutual consent or contract between parties, typically concerning legal obligations and enforcements.

Offer

A proposal presented by one party to another with the intention to enter into a legally binding contract upon acceptance.

Acceptance

The actual or implied receipt and retention of that which is tendered or offered.