QUIZ: IDENTIFYING TEXTSRead this short essay, and then answer the questions below.In the year 2000, European auctions of 3G mobile telecommunication licenses raised over 100 billion euros in government revenues. The countries that participated were the United Kingdom, Netherlands, Italy, Switzerland, Germany, and Austria. There was a big differential between revenues raised in each country, with the United Kingdom leading at 650 euros per capita and Switzerland coming in last at 20 euros per capita. The reasons for this big discrepancy in revenues is likely due to poor auction designs and the sequence in which the auctions took place.When it comes to auction design, the two crucial components are attracting entry and preventing collusion. Ascending auctions encourage bidders to act collusively and deter weaker potential bidders as they know that the stronger bidder will always outbid them. On the other hand, (first-price) sealed-bid auctions are different from ascending auctions. They do not give bidders a chance to collude and encourage weaker bidders to participate. However, the disadvantage of using a sealed-bid auction is that it is more likely to lead to inefficient results. The reason for this is that sometimes bidders with a lower value may beat opponents with a higher value. Hence, there is no perfect auction design and they must be customized to suit different environments and targets.(Source--adapted from this article.)QUESTION 1:To which field do you believe this essay belongs?

A. History
B. English
C. Economics
D. Mathematics