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One difference between an English auction and a first-price, sealed-bid auction is that in a first-price, sealed bid auction Multiple choice question. bidders do not

One difference between an English auction and a first-price, sealed-bid auction is that in a first-price, sealed bid auction Multiple choice question. bidders do not know the bids of other players. bids are sequential. the second-highest bidder wins the auction. bidders know the bids of other players

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