In a First-Price Sealed-Bid Auction, the ____ Bidder Wins

question 22

Multiple Choice

In a first-price sealed-bid auction, the ____ bidder wins.

• A)highest
• B)second highest
• C)second lowest
• D)lowest

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Definitions:

Anxiety Disorder

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one’s daily activities.

Manic-depressive

Manic-depressive is an older term for bipolar disorder, a mental health condition characterized by extreme mood swings including emotional highs (mania or hypomania) and lows (depression).

Affective Disorder

A group of mood disorders in which a person's emotional state or mood is inconsistent with their circumstances and interferes with their ability to function.

Anxiety Disorder

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.