Question 13.29

29. If the bids in a Vickrey auction are $40, $50, $85, and $90, the winner is the

  1. $90 bidder and he pays $90.
  2. $85 bidder and she pays $85.
  3. $90 bidder and he pays $85.
  4. $85 bidder and she pays $90.

29.

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