Appendix: Revenue Equivalence Theorem Refers to Equal Seller Revenue in Which

question 18

Multiple Choice

Appendix: Revenue equivalence theorem refers to equal seller revenue in which of the following pairs:

• A) sealed bid auctions and English auctions
• B) second highest wins and pays auctions and Dutch auctions
• C) English highest wins and pays auctions and sealed bid Dutch auctions
• D) highest wins and pays auctions and second highest wins and pay auctions

---

Definitions:

Men's Socks

Footwear specifically designed to cover men’s feet and lower legs, typically made from various fabrics and used for warmth, comfort, and fashion.

Webb-Pomerene Act

A 1918 U.S. federal law that allows certain export business activities to be exempt from antitrust laws, enabling American exporters to combine into associations to promote their foreign trade.

Joint Export Activities

Collaborative efforts among businesses or organizations to export goods and services to international markets.

Act of State Doctrine

A principle in international law that exempts a nation from being sued in another nation's courts for acts performed by it in the exercise of its sovereign authority.