True of False: 1) double auction markets with at least two sellers will generate

Question

True of False: 1) double auction markets with at least two sellers will generate prices that remain a little above prices from posted offer markets. 2) Running the price clock in a Dutch auction once will produce higher observed prices compared to running the clock twice. 3) Refusing to bid more than the prize will limit a bidder's losses in a loser pay winner auction. 4) With only one seller in a double auction market, prices will tend to move upward toward the monopoly price. 5) In the voters' paradox, majority preferences are transitive, but individual voter preferences are intransitive.

Explanation / Answer

true

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