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You are discussing auction theory with your friend who makes two claims: I. You should lie about your true value when participating in an English
You are discussing auction theory with your friend who makes two claims: I. You should lie about your true value when participating in an English auction. II. The winner's curse is most likely to occur in a private value auction. Which of these statements is/are true? 0 land II are true. 0 l is true and II is false. 0 II is true and l is false. O land II are false
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