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    Managerial Economics Study Set 1
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    Exam 16: Auctions
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    ​An Auction for Mineral Rights on an Unexploited Oilfield Can
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​An Auction for Mineral Rights on an Unexploited Oilfield Can

Question 38

Question 38

Multiple Choice

​An auction for mineral rights on an unexploited oilfield can be characterized as


A) ​A common value auction
B) A private value auction
C) Highest value
D) ​None of the above

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