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17.08.2019 •
Business
Areserve price is a minimum price set by the auctioneer. if no bidder is willing to pay the reserve price, the item is unsold at a profit of $0 for the auctioneer. if only one bidder values the item at or above the reserve price, that bidder pays the reserve price. an auctioneer faces two bidders, each with a value of either $30 or $80, with both values equally probable. what reserve price should the auctioneer set, and what is the expected revenue from auctioning the item with and without a reserve price?
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Ответ:
Plastic Plastic Plastic Plastic
Explanation:
Let me make sure I'm right.