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Scenario: Rebecca Is Participating in a Dutch Auction for an Antique

Question 51

Multiple Choice

Scenario: Rebecca is participating in a Dutch auction for an antique necklace. The total number of bidders in this auction is ten. Rebecca values the necklace at $45,000, while all the other bidders value it below $45,000.
-Refer to the scenario above.If the number of participants in the auction increases to twenty,Rebecca should place a bid of ________.


A) $45,000
B) $42,750
C) $4,500
D) $40,500

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