In [...]auction, each bidder provides one bid, which is unknown to other bidders. The bidder submitting the highest bid wins the item and pays the price bid.
In [...]auction, each bidder provides one bid, which is unknown to other bidders. The bidder submitting the highest bid wins the item and pays the price bid.
In [...]auction, each bidder provides one bid, which is unknown to other bidders. The bidder submitting the highest bid wins the item and pays the price bid.
Answer
a sealed bid
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Parent (intermediate) annotation
Open it In a sealed bid auction, each bidder provides one bid, which is unknown to other bidders. The bidder submitting the highest bid wins the item and pays the price bid.</b
Original toplevel document (pdf)
owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p18
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
scheduled repetition interval
last repetition or drill
Details
No repetitions
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