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Suppose you are a supplier participating in a closed-bid second-price auction to BUY. Suppose your cost to produce the part is $10. Assume all bidders

Suppose you are a supplier participating in a closed-bid second-price auction to BUY. Suppose your cost to produce the part is $10. Assume all bidders are rallonal and sophisticated (.e, they wil all bid "correctly"). Your bid should be O Less than S10 O Exactly 510 More than $10 O All other options are possible

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