In a first price auction where all bidders have values drawn from a uniform distribution $[0, \bar{v}]$ and all bidders are playing Nash Equilibrium strategies then the auctioneer can expect to make the most money with

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Quizplus · Accepted Answer

In a first price auction, as the number of bidders increases, the competition among them increases, leading to higher bids. Therefore, the auctioneer can expect to make more money with more than 10 bidders.

In a First Price Auction Where All Bidders Have Values [0,vˉ][0, \bar{v}][0,vˉ]

In a First Price Auction Where All Bidders Have Values $[0, \bar{v}]$