Multiple Choice
Appendix: Auctions are used in place of markets when the items traded are unique (e.g.,a Ming vase or a right to drill for oil) .Which of the following examples are typically sold using Vickrey auction methods?
A) For-sale-by-owner houses
B) Household furnishings
C) Items sold in Filene's Basement,with the price discounted after a certain date
D) Vintage postage stamps
Correct Answer:
Verified
Correct Answer:
Verified
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