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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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