Auctions and the free market
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Auctions and the free market
MIT Economist Jon Gruber explains why economists love auctions, why the free market doesn't quite work without intervention, and how a kidney auction once reached $5.7 million on eBay. Jon Gruber on the Chalk Radio® podcast: https://www.youtube.com/watch?v=dLg9MK1hv2Y Jon's Intro to Microeconomics course: https://www.youtube.com/watch?v ...
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