Asked by Shibuya Daemon on Jul 09, 2024
Verified
Releasing more information,in a common-value auction is
A) Good for the bidders because it reduces the risk that they face
B) Good for the auctioneer because it attracts more bidders
C) Good for the bidders because they are less likely to bid more on the item than it's worth
D) Both A&B
Common-value Auction
A type of auction where the item being sold holds the same worth to every participant, however, the participants might possess varying levels of knowledge regarding the true value of the item.
Releasing Information
The act of making certain data or facts available to the public or specific groups.
Auctioneer
A person or company that conducts auctions by accepting bids and declaring goods sold.
- Acknowledge the importance of disseminating information in mutual value auctions for both participants and conductors.
Verified Answer
Learning Objectives
- Acknowledge the importance of disseminating information in mutual value auctions for both participants and conductors.
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