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A Hollywood celebrity is auctioning off her Bel Air mansion in a second-price sealed bid auction. There are 5 mega-fans taking part in the auction.
A Hollywood celebrity is auctioning off her Bel Air mansion in a second-price sealed bid auction. There are 5 mega-fans taking part in the auction. They each have a private value listed below.
Participants Private values Bidder #1 $5 million Bidder #2 $10 million Bidder #3 $4 million Bidder #4 $8 million Bidder #5 $9 millionStep by Step Solution
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