KAnneH3320 KAnneH3320
  • 09-05-2024
  • Social Studies
contestada

To avoid the winner's curse, a bidder should
a. revise upward his private estimate of the value of the item.
b. only participate in second-price and English auctions.
c. revise downward his private estimate of the value of the item.
d. not participate in Dutch auctions.

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