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    Managerial Economics Study Set 1
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    Exam 16: Auctions
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    ​If the Bidders at an Oral Auction Have True Values
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​If the Bidders at an Oral Auction Have True Values

Question 90

Question 90

Multiple Choice

​If the bidders at an oral auction have true values of $8,$7,$6,and $5,the item will sell for


A) ​$8
B) $7
C) just over $7
D) ​just under $7

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