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Consider the following statements: I. In all sealed-bid auctions, you should bid your true value. II. The winner's curse is most likely to occur in

Consider the following statements:

I. In all sealed-bid auctions, you should bid your true value.

II. The winner's curse is most likely to occur in a common value auction.

A. I and II are true

B. I is true II is false

C. I is false II is true

D. I and II are false

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