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

Multiple Choice

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 these four friends are the only bidders and each bidder uses his optimal strategy,the owner of the good will earn an expected revenue of ________.

A) $210
B) $350
C) $500
D) $625