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Business, 22.08.2019 03:10 thomasdianne

Anna's antiques expects to get two bidders for the unique china teacup it sells. each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability. if anna instead holds an oral auction between the two bidders and one bidder of each type shows up, she earn from the auction

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Anna's antiques expects to get two bidders for the unique china teacup it sells. each of the bidders...
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