Determine the optimal bidding strategy if you value the item

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Reference no: EM13199930

You are one of five risk-neutral bidders participating in an independent private values auction. Each bidder perceives that all other bidders' valuations for the item are evenly distributed between $50,000 and $80,000. For each of the following auction types, determine your optimal bidding strategy if you value the item at $75,000.

Reference no: EM13199930

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