Business, 31.07.2019 03:10 jordendoctorwho

The world's largest tulip and flower market every day over 19 million tulips and flowers are auctioned at the dutch market called "the bloemenveiling." these dutch auctions match buyers and sellers. source: tulip-bulbs in a dutch auction, the auctioneer announces the highest price. if no one offers to buy the flowers, the auctioneer lowers the price until a buyer is found. how does a dutch flower auction influence consumer surplus and producer surplus? are the flower auctions at the bloemenveiling efficient? with a dutch flower auction, a. producer surplus is close to or equal to zero b. consumer surplus is maximized c. consumer surplus and producer surplus are both e

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The world's largest tulip and flower market every day over 19 million tulips and flowers are auction...

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