For this weeks discussion find and describe an example of a, Ask an Expert

Economics

For this week's discussion, find and describe an example of a real-world auction. Briefly identify the participants and the rules of the auction along with the object(s) being auctioned. Then address the following questions:

Does one of the auction types that we have discussed fit your example well?

What are the differences between your real-world example and the textbook models, and what factors would the bidders need to consider when modifying their bidding strategy to account for the differences?

How do you think the strategies would change?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91639421

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