Scenario: Four friends-Tom, Bill, Jeff, and Roger-are participating in an English auction. Tom values the good being auctioned at $500, Bill values it at $210, Jeff values it at $350, and Roger values it at $625.
-Refer to the scenario above.If they are the only bidders in the auction and each of them uses his optimal strategy,who will win?
A) Tom
B) Bill
C) Jeff
D) Roger

Question

Quizplus · Accepted Answer

Roger values the good being auctioned at the highest amount, so he will be willing to bid the highest amount and win the auction.

Scenario: Four Friends-Tom, Bill, Jeff, and Roger-Are Participating in an English