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In common value auctions a. ​Every bidder know the value of the object being sold b. ​Each bidder makes the same estimate of the value of the good c. ​Bidders do not know the estimates of the others d.
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In common value auctions

a. ​Every bidder know the value of the object being sold
b. ​Each bidder makes the same estimate of the value of the good
c. ​Bidders do not know the estimates of the others
d. ​The true value of the item differs across bidders

User Otusweb
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5 votes
It would be D

because it depends on how much the bidder values the item.
User Hjord
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