Which of the Following Statements Is NOT True

question 136

Multiple Choice

Which of the following statements is NOT true?

• A) The Dutch and first-price, sealed-bid auctions are strategically equivalent.
• B) A mineral rights auction is a common value auction.
• C) An auctioneer is always indifferent between different kinds of auctions.
• D) An English auction yields higher expected revenues than a second-price, sealed-bid auction when bidders are risk averse.

---

Definitions:

Obstacles

Challenges or barriers that hinder progress or the achievement of objectives, requiring effort and strategies to overcome.

Level of Readiness

The degree to which an individual or group is prepared to take action or embark on a new task.

Minors

Individuals under the legal age of adulthood, whose care and decisions are often subject to parental, guardian, or court oversight.

Negative Behavior

Actions or conduct that are harmful, destructive, or socially unacceptable, often hindering personal or group progress and well-being.