Ask Question
BusinessBusiness
23 March, 04:22

The second-price auction model

a. determines how much the second-highest bidder will be charged

b. charges the highest bidder only a penny more than the bid of the second-highest bidder

c. is for keywords with low-priced CPCs because no other bids were placed for that keyword

d. is used for price changing that occurs every second

+2
Answers (1)
  1. 23 March, 04:49
    0
    The correct answer is the option B: charges the highest bidder only a penny more than the bid of the second-highest bidder.

    Explanation:

    To begin with, the model of ''the second-price auction'' is a non-truthful auction mechanism in which every bidder places a bid but with the little particularity that the one who has the highest bid, and therefore the one who gets the first slot, only pays the price bid by the second highest bidder, and this last one only pays the price bid by the third highest bidder and so on. Therefore that this auction mechanism is non-truthful because the bidder does not pay the price he said he would, but he pays the price bid by the other person.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The second-price auction model a. determines how much the second-highest bidder will be charged b. charges the highest bidder only a penny ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How can the Richards bay minerals improve on high crime rate
Answers (1)
Xiong Co. uses a periodic inventory system. Its records show the following for the month of May, in which 65 units were sold.
Answers (1)
Coroid Manufacturers Inc. is approached by a European customer to fulfill a one-time-only special order for a product similar to one offered to domestic customers. The company has excess capacity.
Answers (1)
The December 31, 2018, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit CreditCash $10,000 Accounts Receivable 130,000 Prepaid Rent 4,000 Supplies 20,000 Equipment 200,000 Accumulated Depreciation
Answers (1)
Donald is always ready to buy recently-launched gadgets and gizmos. Since he has sufficient financial resources to invest in these products, he is unconcerned about the risks and uncertainties involved in buying new products.
Answers (1)
New Questions in Business
A budget surplus a. exists when government spending is greater than tax revenues. b. causes government debt to increase. c. occurs when the government has debt equal to zero. d. reduces the government's debt.
Answers (1)
Monique was looking for a venue for her wedding reception. When she visited one potential location, she noticed that the landscaping was not complete, and there was stained carpet in the lobby.
Answers (1)
A monthly fixed rate mortgage payment--- A. could change. B. never changes. C. increases annually. D. decreases annually.
Answers (1)
On December 31, Carmack Company received a $215 utility bill for December that it will not pay until January 15. The adjusting entry needed on December 31 to accrue this expense is: 1. Debit Utilities Expense $215; credit Accounts Payable $215. 2.
Answers (1)
Sean, a sales manager at MusicForAll Inc., constantly seeks responsibility and works hard to succeed at his workplace.
Answers (1)
Home » Business » The second-price auction model a. determines how much the second-highest bidder will be charged b. charges the highest bidder only a penny more than the bid of the second-highest bidder c.
Sign Up Forgot Password?