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whipped whipped
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7 years ago
A cruiser bike is being auctioned in a first-price sealed-bid auction. You always wanted to own a cruiser bike, and therefore decide to participate in the auction. You value the bike at $4,000. On the day of the auction, you see that there are 70 other bidders. Your optimal bid in this case is ________.
A) $3,500
B) $3,000
C) $4,000
D) $3,944
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Microeconomics

Microeconomics


Edition: 1st
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SudzburySudzbury
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7 years ago
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