Five bidders bidding for an item in an oral auction agree to collude.Their values are {$9,$8,$7,$3,$2}.Five bidders are not in the cartel and are bidding competitively.Their values are {$6,$5,$5,$2,$1}.What is the winning bid?
A) 2
B) 6
C) 7
D) 8
Correct Answer:
Verified
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