Buxtoman1399 Buxtoman1399
  • 13-10-2022
  • Business
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q3 descending-bid auction 3 points there are 11 buyers bidding for one item in a descending-bid auction. assume that buyer valuations follow a \text{uniform}(0,1)uniform(0,1) distribution. suppose that the valuations of the 11 buyers are: v {1}

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