Based on the willingness to pay of the potential customers, which sales method will generate the most

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Based on the willingness to pay of the potential customers, which sales method will generate the most revenue for the seller?

An English auction with a bidding increment of $100

A sealed-bid first-price auction

A fixed price of $12,000

All of the above will generate roughly the same revenue.

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Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Jan 10, 2024 05:35 AM

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Microeconomics An Intuitive Approach with Calculus

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