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Which one of the following statements is true about the winner's curse? a. The scenario arises when homogeneous goods are exchanged between buyers and sellers

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Which one of the following statements is true about the winner's curse? a. The scenario arises when homogeneous goods are exchanged between buyers and sellers who know equal amounts about the good. b. The scenario arises when homogeneous goods are exchanged between buyers who know more about the good and sellers who know less. c. The scenario arises when heterogeneous goods are exchanged between buyers and sellers who know equal amounts about the good. d. The scenario arises when heterogeneous goods are exchanged between buyers who know more about the good and sellers who know less

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