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Business, 23.08.2021 17:30 smelcher3900

​Anna’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 all of them are high-value bidders, what would the winning bid be?

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​Anna’s Antiques expects to get three bidders for the unique china teacup it sells. Each of the bidd...
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