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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
Oil lease auctions fall into [...] auction category because the value of the oil to be extracted is the same for all, but bidders must estimate what that value is.
Answer
common value

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
Oil lease auctions fall into [...] auction category because the value of the oil to be extracted is the same for all, but bidders must estimate what that value is.
Answer
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
Oil lease auctions fall into [...] auction category because the value of the oil to be extracted is the same for all, but bidders must estimate what that value is.
Answer
common value
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Oil lease auctions fall into common value auction category because the value of the oil to be extracted is the same for all, but bidders must estimate what that value is.

Original toplevel document (pdf)

owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p18

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repetition number in this series0memorised on               scheduled repetition               
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