Question: Suppose there is one bidder, with value v1 U(0, 1). Derive the optimal take-it-or leave-it price to offer to this bidder in order to maximize

Suppose there is one bidder, with value v1 U(0, 1). Derive the optimal take-it-or leave-it price to offer to this bidder in order to maximize expected revenue.

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6. To maintain power, you should not compromise, even when an issue is of minor importance to you.

4. The simplest and best long-term strategy for getting others to do what you want is to let them know that you are the boss.

3. You can gain power by making others feel important.