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Part 1: Read a topic from Chapter 18 and write a summary on it. Also, provide a graduate-level response to each of the following questions: Identify something you buy or sell that could be bought or sold using an auction. How would you run the auction? Do a benefit-cost analysis of the auction relative to how you currently buy or sell. Part 1 needs to be 500 plus words and APA format (refer chapter 18 from the Managerial Economics textbook) Part 2: In Sweden, firms that fail to meet their debt obligations are immediately auctioned off to the highest bidder. (There is no reorganization through Chapter 11 bankruptcy.) The current managers are often the high bidders for the company. Why? Part 2 needs to be 1.5 – 2 pages and APA format (Attached Managerial Economics textbook – refer chapter 18)