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When an Item Being Auctioned Has Correlated Values and Bidders

Question 99

Multiple Choice

When an item being auctioned has correlated values and bidders use their optimal strategies, a(n) _______auction has the highest expected revenue as it has the _______reduction in bidders' valuations.


A) English; greatest
B) English; smallest
C) Dutch; largest
D) Dutch; smallest

Correct Answer:

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