| Economic Theory | |
|---|
| Ascending Bid System? | |
| Descending Bid System? | |
| Concealed bidding system in which each bidder privately submits their bid. The winner is the highest bidder and pays the highest bid.? | |
| In the Second Price Sealed Bid, the highest bidder wins. True or False? | |
| In SPSB, the winner pays the equivilent of the highest bid. True or False? | |
| When each bidder knows how much he values an object for sale but their value is their own taste is...? | |
| Oil companies bidding for a plot of land, not really knowing how much oil is to be gained from buying the land is an example of what kind of value? | |
| Failure to take into account other bidders signal causes you to bid way to high.? | |
| Auctions are can be considered _________ methods? | |
'A' Game 
Common Passwords 
Fast Food Restaurants
