Multiple Choice
Anna's Antiques expects to get two bidders for the unique china teacup it sells.Each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability.If Anna can only set one price,what price should she set?
A) $100
B) $70
C) Any price higher than $100
D) Any price lower than $70
Correct Answer:
Verified
Correct Answer:
Verified
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