Decision Point: Determining a Bidding Strategy $($b$)$

Having a better understanding of how the rights are valued by the other firms participating in the auction will definitely help you develop your optimal bidding strategy.

Let$$s assume that each firm has conducted its own analysis of the value of the rights and that these values are dependent on a variety of factors, such as the size of the firm, the quality of the money$-$transferring device, and the estimated price of the device, among many other factors. In sum, each firm determined the value of the rights based on each firm$$s unique qualities. With this information, which of the three general valuation scenarios are you most likely to face in this auction?

Select an option from the choices below and click Submit.