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Economics

Consider an auctioneer who is selling an item through an auction. It is known that the 25 risk-neutral bidders have affiliated values that are distributed among $0 and $500 million. Based on this information, the auction type that will maximize expected revenue is:

A. English auction.

B. Second-price, sealed-bid auction.

C. First-price, sealed-bid auction and Dutch auction.

D. English auction and second-price, seal-bid auction

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Microeconomics, Economics

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