Harry is selling his rare coin collection through marshall auction house. harry will not sell the collection for less than $300,000 and has the right to withdraw the collection if the $300,000 minimum. what is the term for this kind of auction? a. option auction. b. seller's auction. c. auction with reserve. d. auction without reserve.

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells. b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities. c. two superpowers decide whether to build new weapons or to disarm. d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society