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Suppose two bidders A and B are participating in a closed-bid second-price total-cost auction, in which they are assigned respective supplier performance multipliers (SPM) 2

Suppose two bidders A and B are participating in a closed-bid second-price total-cost auction, in which they are assigned respective supplier performance multipliers (SPM) 2 and 4. Suppose their respective raw bids are $4 and $3. Which bidder will win and how much will the winner be paid

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