{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-21T11:08:04-04:00", "answer_date": "2024-06-21 11:08:04", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3433397", "url": "\/study-help\/questions\/now-suppose-instead-that-the-auction-is-a-secondprice-sealedbid-3433397", "question_creation_date_js": "2024-06-21T11:08:04-04:00", "question_creation_date": "Jun 21, 2024 11:08 AM", "meta_title": "[Solved] Now suppose instead that the auction is a | SolutionInn", "meta_description": "Answer of - Now suppose instead that the auction is a second-price sealed-bid auction. What should you bid if you are the bidder w | SolutionInn", "meta_keywords": "auction,second-price,sealed-bid,bid,bidder,valuation,highest,part,8,$,enter,response", "question_title_h1": "Now suppose instead that the auction is a second-price sealed-bid auction. What should you bid if you are the bidder whose valuation is the highest?", "question_title": "Now suppose instead that the auction is a second-price sealed-bid auction. What", "question_title_for_js_snippet": "Now suppose instead that the auction is a second price sealed bid auction What should you bid if you are the bidder whose valuation is the highest Part 8 You should bid $ enter your response here (Enter a numeric response using an integer ) Part 9 How does the second price sealed bid auction outcome differ from the outcome to the English auction Part 10 The outcome to the second price sealed bid auction Part 11 A is within a dollar or two of being the same because the winner is the individual with the highest bid who pays his or her reservation price, which is $ B generates less revenue because the amount paid is the bid of the second highest bidder, which is $ C is within a dollar or two of being the same because the winner is the individual with the highest bid who pays the reservation price of the second highest bidder, which is $ D generates more revenue because the winner is the individual with the highest bid who pays his or her reservation price, which is $ E generates less revenue because the amount paid is the bid of the second highest bidder, which is $", "question_description": "Now suppose instead that the auction is a second-price sealed-bid auction. What should you bid if you are the bidder whose valuation is the highest? Part 8 You should bid $ enter your response here. (Enter a numeric response using an integer.) Part 9 How does the second-price sealed-bid auction outcome differ from the outcome to the English auction? Part 10 The outcome to the second-price sealed-bid auction Part 11 A. is within a dollar or two of being the same because the winner is the individual with the highest bid who pays his or her reservation price, which is $. B. generates less revenue because the amount paid is the bid of the second-highest bidder, which is $. C. is within a dollar or two of being the same because the winner is the individual with the highest bid who pays the reservation price of the second-highest bidder, which is $. D. generates more revenue because the winner is the individual with the highest bid who pays his or her reservation price, which is $. E. generates less revenue because the amount paid is the bid of the second-highest bidder, which is $", "transcribed_text": "", "related_book": { "title": "Leading Strategic Change In An Era Of Healthcare Transformation", "isbn": "3319808826, 978-3319808826", "edition": "1st Edition", "authors": "Jim Austin ,Judith Bentkover ,Laurence Chait", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/2024\/01\/65a7e2d8df9ef_40065a7e2d8d8762.jpg", "uri": "\/textbooks\/leading-strategic-change-in-an-era-of-healthcare-transformation-1st-edition-978-3319808826-212748", "see_more_uri": "" }, "free_related_book": { "isbn": "0821426109", "uri": "\/textbooks\/hornyheads-madtoms-and-darters-narratives-on-central-appalachian-fishes-1st-edition-978-0821426104-239256", "name": "Hornyheads Madtoms And Darters Narratives On Central Appalachian Fishes", "edition": "1st Edition" }, "question_posted": "2024-06-21 11:08:04", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/grades-of-g1-500-and-g2-150-vpi", "description": "Grades of g1 = +5.00% and g2 = +1.50% VPI station 6+300 and elevation 185.920 m. 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