
The 2020 Nobel Prize in Economics: Private / Common Values
Interactive Video
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Business
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7th - 12th Grade
•
Practice Problem
•
Hard
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3 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
Discuss the implications of the 'winner's curse' in the context of real estate development.
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is an 'oligopsony' and how does it relate to auctions?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What are some reasons a government might prioritize certain buyers over others in an auction?
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