In an independent private value auction:
A) The bidders know the private values of the other bidders and the values of other bidder for independent auctions.
B) The bidders know the private values of the other bidders and the values of other bidder for related auctions.
C) Risk averse bidders will not participate.
D) The bidders know their own private values, but not the private values of the other bidders.
E) None of the above.
Correct Answer:
Verified
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