The Second-Price Auction Is

question 28

Multiple Choice

The second-price auction is

• A)an auction in which the bidder who submitted the highest bid is awarded the object being sold and pays a price equal to the second highest amount bid
• B)an auction in which the bidder who submitted the second highest bid is awarded the object being sold
• C)an auction in which the bidder who submitted the highest bid is awarded the object being sold and pays a price equal to the average of the highest and second highest amount bid
• D)an auction in which the bidder who submitted the second highest bid is awarded the object being sold and pays a price equal to the average of the highest and second highest amount bid

---

Definitions:

Child-support Dodgers

Individuals who intentionally avoid or fail to provide financial support for their children's upbringing as required by legal agreements or court orders.

Overextended Parent

A parent who is overstretched by demands and responsibilities, often leading to stress and reduced quality of personal life.

Marital Therapy

A form of psychotherapy aimed at resolving marital conflicts and improving the relationship between spouses.

Impartial Observer

An individual who watches or monitors situations without allowing personal feelings or biases to influence their judgment.