Explain how an auction to sell a consumer-facing banking division might be used to determine the value of the division.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter15A: Auction Design And Information Economics
Section: Chapter Questions
Problem 2.1CE
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Explain how an auction to sell a consumer-facing banking division might be used to determine the value of the division.

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