QUESTION 4 Sam has three identical vintage Chinese teapots that he is trying to sell on...

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QUESTION 4 Sam has three identical vintage Chinese teapots that he is trying to sell on Ebay. He intends to run a fourth-price auction to sell these teapots. There are 6 bidders, A B. C, DE. and F who submit the bids 100, 250, 200, 125, 111, and 215 respectively. Which bidders win the teapots and how much do they pay? O B, C, and F win, they pay 100 each O B, C, and F win; B pays 250, F pays 215 and C pays 200. O B, C, and F win, they pay 125 each. O B, C, and F win; B pays 215, F pays 200, and C pays 125. QUESTION 4 Sam has three identical vintage Chinese teapots that he is trying to sell on Ebay. He intends to run a fourth-price auction to sell these teapots. There are 6 bidders, A B. C, DE. and F who submit the bids 100, 250, 200, 125, 111, and 215 respectively. Which bidders win the teapots and how much do they pay? O B, C, and F win, they pay 100 each O B, C, and F win; B pays 250, F pays 215 and C pays 200. O B, C, and F win, they pay 125 each. O B, C, and F win; B pays 215, F pays 200, and C pays 125.

Answer rating: 100% (QA)

B C and F win they pay 100 each Sam is running a fourth price aucti... View the full answer