Consider an antique auction where bidders have independent private values.There are two bidders, each of which perceives that valuations are uniformly distributed between $100 and $1000.One of the bidders is Sue, who knows her own valuation is $200.What is Sue's optimal bidding strategy in an English auction:
A) submit a bid of $150.
B) submit a bid of $200.
C) submit a bid that is less than $150.
D) yell "mine" when the bid reaches $150.
Correct Answer:
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