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An auction has the following bids: $300, $400, $550, $700, $750. The two highest bids form a bid-rigging cartel. What was the bid if no

An auction has the following bids: $300, $400, $550, $700, $750. The two highest bids form a bid-rigging cartel. What was the bid if no cartel has formed?

a: $401

b: $551

c: $701

d: $746

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