To attract more bidders, and more aggressive bidders, to your common$-$value auction

reveal all of the relevant information about the value of the object

do not hold oral auctions

do not allow potential bidders to examine the object too closely

don't allow bidders to know how others are bidding

$1$ point

If the bidders at an oral auction have true values of $$8,$$$7,$$$6,$ and $$5,$ the item will sell for

just over $$7$

$$7$

just under $$7$

$$8$