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    Exam 17: Auctions and Bargaining
  5. Question
    What Is the Drawback of a Bidder Bidding Up to His
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What Is the Drawback of a Bidder Bidding Up to His

Question 98

Question 98

Essay

What is the drawback of a bidder bidding up to his or her willingness to pay for a good in a Dutch auction?

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A Dutch auction is a descending price au...

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