In a private value auction, one player's private value is known to

Name: In a private value auction, one player's private value is known to
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In a private value auction, each bidder has their own private valuation of the item being sold, and only that bidder knows their own valuation. The seller may have a general idea of the range of valuations but does not know the specific valuations of each bidder. Therefore, the correct answer is A, where only one player's private value is known to themself.

In a Private Value Auction, One Player's Private Value Is