Business, 12.07.2019 18:10, nsaduadhq69831

You are a bidder in an independent private values auction, and you value the object at $3,000. each bidder perceives that valuations are uniformly distributed between $500 and $6,000. determine your optimal bidding strategy in a first-price, sealed-bid auction when the total number of bidders (including you) is:

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You are a bidder in an independent private values auction, and you value the object at $3,000. each...