Multiple Choice
Scenario: Alice is participating in a Dutch auction for a painting. There are five other bidders, and Alice values the painting at $30,000.
-Refer to the scenario above.What is Alice's optimal bidding price?
A) $25,000
B) $30,000
C) $24,000
D) $36,000
Correct Answer:
Verified
Correct Answer:
Verified
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