Suppose four bidders compete in a sealed-bid auction with private values independently and uniformly distributed between $0 and $200.
(a) Compute the expected revenue in an English auction.
(b) Compute the expected revenue in a sealed-bid auction.
(c) Compare and comment on the results in parts (a) and (b).

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The Answer of Suppose four bidders compete in a sealed-bid auction with private values independently and uniformly distributed between $0 and $200.
(a) Compute the expected revenue in an English auction.
(b) Compute the expected revenue in a sealed-bid auction.
(c) Compare and comment on the results in parts (a) and (b).

Suppose Four Bidders Compete in a Sealed-Bid Auction with Private