Consider an auctioneer who is selling an item through an auction.It is known that the 25 risk-neutral bidders have affiliated values that are distributed between $0 and $500 million.Based on this information the auction type that will maximize expected revenue is
A) English auction.
B) Second-price, seal-bid auction.
C) First-price, sealed-bid auction and Dutch auction.
D) English auction and Second-price, seal-bid auction.
Correct Answer:
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