Essay
You are running an oral auction,and you know the six bidders place the following values on the auction item:
Joe: $150 Jack: $149 Jim:$148
Jane: $147 Jill: $146 Jean: $145
What winning bid should you expect? If the winning bid turns out to be $146.01 because of a bid cartel,which bidders must have participated?
Correct Answer:
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Winning bid = $149; ...View Answer
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Correct Answer:
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