a	b	c
1	5	18	16
2	13	4	6
3	15	5	2

11. Suppose that agents 1, 2, and 3 can be matched with prizes a, b, c. The benefits of each possible match are given in a table. The Pareto efficient assignment is

1b, 2c, 3a.

1c, 2a, 3b.

1b, 2a, 3c.

any of the six possible assignments.

12. The assignment produced by the ascending price auction is

1b, 2c, 3a.

1c, 2a, 3b.

1b, 2a, 3c.

none of the above

13. The price that is obtained for item a is

0

3

4

7

14. The price that is obtained for item b is

0

3

4

7