Imagine you are a buyer in a double oral auction with a reservation value of $10, and

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Imagine you are a buyer in a double oral auction with a reservation value of $10, and there is a seller asking for $8.

a. How much will you gain from accepting this offer?

b. If you are the only buyer, and you know that the lowest ask price is $2, should you accept this offer?

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3E Economics

ISBN: 9781292411019

3rd Global Edition

Authors: Daron Acemoglu, David Laibson , John List

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Question Posted: Nov 16, 2024 05:00 AM

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Imagine you are a buyer in a double oral auction with a reservation value of $10, and

Question:

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3E Economics

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