The US Treasury Switched from a Discriminating Price Auction to a a Single

question 11

True/False

The U.S. Treasury switched from a discriminating price auction to a single price auction because the latter lowered the average price paid by investors.

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Definitions:

Output

The cumulative quantity of products or services generated by a corporation, sector, or nation.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the quantity of output produced; represents the per unit cost of production.

Marginal Cost

The price increase caused by the creation of one more unit of a product or service.

Microsoft

An American multinational technology company known for its software, services, devices, and solutions.