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Which of the following action(s) can a seller take to reduce the winner's curse? Use the English auction format, rather than the sealed bid format,
Which of the following action(s) can a seller take to reduce the winner's curse? Use the English auction format, rather than the sealed bid format, to conduct the auction. Hire an independent agent to provide an opinion of the value of the asset and make the agent's valuation public prior to the auction. Use a 1st price sealed bid auction and have as many participants as possible. All of the above Only a. and b. Only a. and c
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