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Question: take a test karthick jetty google chrome httpswwwmathxlcomstudentplayertestaspxtestid194098168enwin...

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Take a Test -karthick Jetty - Google Chrome 읊 https://www.mathxl.com/Student/PlayerTestaspx?testid-194098168&centenwin ECO 610 Managerial Econ-PMBA karthick」et Quiz: Quiz 6 (Chapters 11 and 12): Due 2/3 Time Rema This Question: 2 pts 12 of 18 (11 complete) What is the optimal strategy in a second-price sealed bid auction? OA. Bid slighty higher than your maximum value. Alhough t does nlt affet th probability of winning the auction, itdoes weakly dominat all oher strateges O B. Bid slightly less than O C. Bid slightly higher than your maximum value. your maximum value, because it will increase your consumer surplus if you win Because it increases the probability of winning the auction, it weakly dominates all other strategies. D. You should always bid your maximum value.

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