Question: In a private value auction, there are five bidders with valuations 3, 5, 20, 15, and 22. Bidders are risk neutral. If an English auction

In a private value auction, there are five bidders with valuations 3, 5, 20, 15, and 22. Bidders are risk neutral. If an English auction is used, the expected revenue for the seller is.

a. 3

b. 5

c. 10

d.15.

e.20

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