The Optimal Reservation Price for a Seller Is

question 25

Multiple Choice

The optimal reservation price for a seller is:

• A) the value of the object being auctioned off if it does not sell.
• B) managerial estimates of the highest reservation price among buyers.
• C) managerial estimates of the lowest reservation price among buyers.
• D) the average of a and b.
• E) equal to marginal cost.

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