MICROECONOMICS (LL)-W/ACCESS >CUSTOM<
MICROECONOMICS (LL)-W/ACCESS >CUSTOM<
11th Edition
ISBN: 9781264207718
Author: Colander
Publisher: MCG CUSTOM
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Chapter 20, Problem 13QE
To determine

Reason for the sellers who generally prefer a Vickrey auction to a regular sealed bid.

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Under what circumstances are the auctions likely to lead to an 'efficient" price for the item being sold?
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