​In Order to Rank the Five Members of Its Chess

question 228

Multiple Choice

​In order to rank the five members of its chess team for play against another school, the coach draws the following diagram. An arrow from 1 to 2 means player 1 has defeated player 2. ​​

• A) ​
• B) ​
• C) ​

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Definitions:

Private-Values Auction

A type of auction in which each bidder knows their own valuation of the item for sale, but this valuation is private and may differ from that of other bidders.

English Auction

A type of auction where bidders openly bid against one another, and the item is sold to the highest bidder.

Examine

To inspect or scrutinize carefully.

Vickrey Auction

A type of sealed-bid auction where the highest bidder wins but pays the price bid by the second-highest bidder.