Which of the following must be true for the Revenue Equivalence Theorem to hold?

Question

Quizplus · Accepted Answer

The Revenue Equivalence Theorem states that different auction formats will generate the same expected revenue for the seller if bidders have the same valuation for the item being auctioned and the payoff of the auction is a function only of the bids made. Therefore, choice A must be true for the theorem to hold. Choices B and C are not relevant to the theorem.

Which of the Following Must Be True for the Revenue