Determine your optimal bidding strategy if you value items

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Reference no: EM13231392

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.

a. First-price, sealed-bid auction.

b. Dutch auction.

c. Second-price, sealed-bid auction.

d. English auction

Reference no: EM13231392

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