In an auction, the winning bidder often ends up as an overly optimistic loser because ofa. political pressure.b. asymmetric information.C. a lack of perfect information.O d. a lack of common knowledge.PIO e. zero marginal costs.

Asymmetric information: It is the case where due to lack of information about some issues will…

In an auction, the winning bidder often ends up as an overly optimistic loser because of O a. political pressure. b. asymmetric information. O c.a lack of perfect information. O d. a lack of common knowledge. O e. zero marginal costs.

In an auction, the winning bidder often ends up as an overly optimistic loser because of O a. political pressure. b. asymmetric information. O c.a lack of perfect information. O d. a lack of common knowledge. O e. zero marginal costs.

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Chapter1: Making Economics Decisions

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Question

In an auction, the winning bidder often ends up as an overly optimistic loser because of
a. political pressure.
b. asymmetric information.
C. a lack of perfect information.
O d. a lack of common knowledge.
PIO e. zero marginal costs.

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