Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) A mineral rights auction is not the same as a common-value auction.
B) An auctioneer is always indifferent between different kinds of auctions.
C) The Dutch and first-price, sealed-bid auctions are strategically equivalent.
D) An English auction always yields lower expected revenues than a second-price, sealed-bid auction.