Business, 20.08.2021 04:10, happysage12

Annaâ€™s Antiques expects to get three 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 three bidders show up at the auction and two of the bidders are low value, what would the winning price be?

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Annaâ€™s Antiques expects to get three bidders for the unique china teacup it sells. Each of the bid...