A particular good was withdrawn from the market after the bid was made.This implies:
A) the highest bid in the auction did not exceed the seller's minimum.
B) the lowest bid in the auction did not exceed the seller's maximum.
C) the government started intervening in the situation.
D) the personal value of the seller was met.
E) the seller was successful in demanding a price in excess of her reservation value in the negotiation.
Correct Answer:
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