Question: QUESTION 1 7 The second - price auction model a . is used for price changing that occurs every second. b . is for keywords
QUESTION
The secondprice auction model
a is used for price changing that occurs every second.
b is for keywords with lowpriced CPCs because no other bids were placed for that keyword.
c determines how much the secondhighest bidder will be charged.
d allows the highest bidder to pay only a penny more than the bid of the secondhighest bidder.
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