Multiple Choice
Which of the following statements is true regarding the expected revenues of auctions with risk-neutral bidders where value estimates are affiliated?
A) English = First price = Dutch = Second price.
B) Second price > English > Dutch > First price.
C) First price = Dutch > Second price > English.
D) English > Second price > Dutch = First price.
Correct Answer:
Verified
Correct Answer:
Verified
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