Briefly describe the difference between the mechanism of an
Briefly describe the difference between the mechanism of an oral or English auction and a Vickrey or second price auction. Is there any difference between the winning bidders in the two auctions, and the winning payments made in the two auctions?
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suppose the marginal cost of production for a company is 6 at its current production levels suppose the price
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briefly describe the difference between the mechanism of an oral or english auction and a vickrey or second price
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