Coyote Ugly

Media Type: Film Clips Topic: Opportunity Cost

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This is a great example of a successful auction with an unusual ending. The auctioneer, Violet Sanford, needs to raise $250 quickly to keep her job. When the bidding reaches $250 she ends the auction, oblivious to the fact that the bidders would have gone higher (incurring a significant opportunity cost in the process). This scene can be used to introduce or discuss auctioning mechanisms.

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