Business, 30.08.2019 01:20 korbenbrown7554
Alandlord is renting out an apartment and has three prospective tenants. the first tenant is willing to pay $1200/month, the second tenant is willing to pay $3000/month, and the third tenant is willing to pay $2000/month. each potential tenant knows the valuations of the other tenants. of the following methods of renting the apartment, which would generate the greatest revenue?
a sealed first-price auction
a sealed second-price (vickrey) auction
a fixed price of $1900/month
a fixed price of $2200/month
Answers: 1
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Alandlord is renting out an apartment and has three prospective tenants. the first tenant is willing...
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