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A fish market sells fish boxes through Dutch auctions in which 25 restaurants and store agents participate in person. They observe the fish on the
A fish market sells fish boxes through Dutch auctions in which 25 restaurants and store agents participate in person. They observe the fish on the top and try to figure out the value of a fish box. Their evaluations range between -10% and +10%. The fish market has recently opened to 25 online buyers. Since they cannot observe the fish directly, their evaluations range between -15% and +15% and, due to the higher uncertainty, the average fish box value dropped from 10 to 9.50. Moving to the hybrid format, the fish box price _____ and an overbid amount _______ Group of answer choices increases; increases increases; decreases decreases; increases decreases; decreases
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