Question: Consider a closed - bid second - price auction to BUY ( from bidders ) . Suppose there are four bids: $ 2 , $

Consider a closed-bid second-price auction to BUY (from bidders). Suppose there are four bids: $2, $3, $4, and $5(price is per unit). The winning bidder will be paid _____.
$3
$2
$4
$5

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