#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
One common type of auction is an ascending price auction, also referred to as an English auction. Bidders can bid an amount greater than the previous high bid, and the bidder that first offers the highest bid of the auction wins the item and pays the amount bid
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iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p18
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