Consider an Auctioneer Who Is Selling an Item Through an Auction.It

Multiple Choice

Consider an auctioneer who is selling an item through an auction.It is known that the 10 risk-neutral bidders have independent private values that are uniformly distributed between $1,000 and $2,000.Based on this information,we can conclude that the expected revenue in this auction will be:

A) $2,000.
B) $1,900.
C) $1,000.
D) There is insufficient information to determine the expected revenue.