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Scenario: Four Friends-Tom, Bill, Jeff, and Roger-Are Participating in an English

Question 50

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Scenario: Four friends-Tom, Bill, Jeff, and Roger-are participating in an English auction. Tom values the good being auctioned at $500, Bill values it at $210, Jeff values it at $350, and Roger values it at $625.
-Refer to the scenario above.If they are the only bidders in the auction and each of them uses his optimal strategy,who will win?


A) Tom
B) Bill
C) Jeff
D) Roger

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