Question

10)Which of the following statements is NOT true?10)A)Collusion at an auction is not possible because the bidders cannot communicate.B)The expected revenue generated by a private-value auction increases with the number ofbidders.C)The expected revenue generated by an open auction will tend to increase as you providemore information to the bidders about the other bids.D)The winner's curse is more likely to arise in sealed-bid auctions than in English auctions.

Answer 1

The correct answer is letter B

The expected revenue generated by a private-value auction increases with the number of bidders.