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Tom [10]
3 years ago
9

Releasing more information, in a common-value auction is a. ​Good for the bidders because it reduces the risk that they face b.

​Good for the auctioneer because it attracts more bidders c. ​Good for the bidders because they are less likely to bid more on the item than it’s worth d. ​Both A&B
Business
1 answer:
neonofarm [45]3 years ago
3 0

Answer:

d. ​Both A&B

Explanation: Auction is a term used in the field of marketing or trading of goods where bidders are allowed to make bids(amount which they intend to pay for a given product) the Product can either be an Artwork or other goods like furniture,Cars, clothes etc.

A common value auction is a type of auction where certain information about the value of a product are available to some bidders and other sets of bidders have other information about the value.

DISPLAYING INFORMATION ABOUT A COMMON VALUE AUCTION IS GOOD FOR THE BIDDERS AS IT REDUCES THE RISK THEY FACE ESPECIALLY BEFORE BUYING THE PRODUCT AND FOR THE AUCTIONEER AS IT HELPS TO ATTRACT MORE BIDDERS.

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With the establishment of quality control policies as well as procedure, reasonable assurance can be provided.

<h3>What are objective of a CPA firm?</h3>

The objective of a CPA firm is to be in control of the system and regulate the system activities.

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Which of the following requirements must be met before a lender may begin the power of sale
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The lender must wait at least 15 days before receiving notice of a breach of the terms not being upheld and a mortgage default. This authority is frequently outlined in a clause in the mortgage contract between the lender and the borrower.

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The ability to exert authority, control, or influence over another person is referred to as having "power." Decision-making has benefited from the power.

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LaTisha contracted with Marco, who operates a farm in Guatemala, for the importation of some great coffee beans for her coffee s
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Since the coffee beans arrived on September 2 instead of on September 1, LaTisha's best defense would be breach of a legally binding contract by Marco. Marco failed without, any legal excuse, to deliver the products as promised. Marco violated the legal agreement between the two parties since he did not perform his obligation.



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