Two bidders for the unique china teacup it sells

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Reference no: EM132288596

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 can only set one price, what price should she set?

  • $100
  • $70
  • Any price higher than $100
  • Any price lower than $70

Reference no: EM132288596

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