A reserve price is a minimum price set by the auctioneer. If no bidder is willing to
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If bidders have values of either 30 or 80 a reserve price below 30 wou...View the full answer
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Related Book For 
Managerial Economics A Problem Solving Approach
ISBN: 978-1133951483
3rd edition
Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War
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