Correlated Values Estimates in an Auctions Setting Means That

Multiple Choice

Correlated values estimates in an auctions setting means that:

A) A bidders private value estimate affect, and are affected by, the private value estimates of other bidders.
B) Bidders know the value that they place on the object and the value placed on the object by the other bidders.
C) The winner has the most pessimistic estimate of the object's value.
D) The Bayesian Nash equilibrium is the result of a properly constructed incentive- compatible second price auction.
E) None of the above.