If buyers' private values are drawn from different distributions,then which of the following statements will be incorrect?
A) Revenue equivalence will get disrupted.
B) Buyers will bid up the price close to their reservation values.
C) Sealed bid auction will yield better expected revenue than English auction.
D) Buyers will employ non-identical bidding strategies.
E) The winner's optimal bid is just enough to guarantee winning the auction.
Correct Answer:
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