The following graph shows the bid value and probability of winning an auction for an oil painting under a first-price sealed bid auction with private values. The bidder is willing to pay a maximum of £2000 for the oil painting. Refer to the graph to answer the question. 
The expected value from winning the auction at £1500 is equal to the area _____.
A) A + B + C + D + E + F
B) E + F+ D
C) B + C + D
D) C + D + E + F
Correct Answer:
Verified
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