A cruiser bike is being auctioned in a first-price sealed-bid auction. You always wanted to own a cruiser bike, and therefore decide to participate in the auction. You value the bike at $4,000. On the day of the auction, you saw that there are 70 other bidders. Your optimal bid in this case is A) $3,500 B) $3,000 C) $4,000 D) $3,944