Which auctioned good is more likely to have a common value across potential bidders?
A) a truckload of baseball memorabilia
B) a Monet painting
C) a customized car
D) timber

Question

Quizplus · Accepted Answer

Timber is more likely to have a common value across potential bidders because it is a commodity with a well-established market price based on factors such as quality, quantity, and demand. The other options have subjective values that may differ among bidders.

Which Auctioned Good Is More Likely to Have a Common