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In Dutch or first-price sealed-bid auctions, participants will bid less than their highest valuation. True (they do so because they have to balance the benefit
- In Dutch or first-price sealed-bid auctions, participants will bid less than their highest valuation.
- True (they do so because they have to balance the benefit of paying less with the cost of not getting the good)
- False
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The Handbook Of International Trade And Finance
Authors: Anders Grath
4th Edition
0749475986, 978-0749475987
