Question

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 between $0 and $500 million. Based on this information, the auction type that will maximize expected revenue is:English auction.second-price, sealed-bid auction.first-price, sealed-bid auction and Dutch auction.English auction and second-price, seal-bid auction.

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