Multiple Choice
Suppose the U.S. government is auctioning the rights to mine for gold in a government- owned region on the West coast. Gold has been found in areas close to the region to be auctioned and gold has a fixed market price. The value of the rights to mine for gold in this region is an example of_______ .
A) a public value
B) a common value
C) an independent private value
D) a correlated value
Correct Answer:
Verified
Correct Answer:
Verified
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