In a private value auction, the expected information rent is greater under a first-price, sealed-bid auction than under a second-price sealed-bid auction. True False Question 22 1 pts By forcing buyers to reveal their true valuations, Vickery auctions deliver the same revenues to the seller as perfect price discrimination. True False Question 23 1 pts Consider a sealed-bid auction in which the auctioneer is selling multiple units of the same product, and all winners pay the lowest winning bid. In this case, a buyer's dominant strategy is to bid her true value. True False