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You are about to participate in a private value auction. There will be a total of 10 rational participants in the auctionYou have been informed
You are about to participate in a private value auction. There will be a total of 10 rational participants in the auctionYou have been informed by a higher being that, of the 10 participants , you have the highest private valuation. In which type of auction you are the most likely to win the auction? AIn a Dutch auction B a 1st price , sealed bid auction . a 2nd price , sealed bid auction . It depends on the value of the object . cannot be determined
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