Which of the Following Is a Difference Between a Second-Price

question 36

Multiple Choice

Which of the following is a difference between a second-price auction and an English auction?

• A) The highest bidder wins in a second-price auction, while the second-highest bidder wins in an English auction.
• B) The second-highest bidder wins in a second-price auction, while the highest bidder wins in an English auction.
• C) Bids are placed privately in a second-price auction, while bids are placed publicly in an English auction.
• D) Bids are placed one after another in a second-price auction, while bids are placed simultaneously in an English auction.

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