Suppose you place your 1975 AMC Gremlin automobile for sale on eBay. People can submit bids until midnight on Friday. All bids are posted on the eBay web site so bidders can track the bidding, a kind of electronic "open-outcry". The highest bid wins and pays that bid. What type of bidding is this? a. Sealed bid b. Open Outcry (Ascending Price or English) c. Open outcry (Descending price or Dutch) Is the strategy described in question 1 a good strategy if you think potential bidders have positively correlated valuations and are optimistic (likely to bid high on your Gremlin)? Why or why not? Is there another type of auction which might work better