In an auction where the bidders values are $400,$500,$650,$800 and $850,the highest two bidders form a bid-rigging cartel.What would be the winning bid in this auction?
A)$501
B)$651
C)$801
D)$846

Question

In an auction where the bidders values are $400,$500,$650,$800 and $850,the highest two bidders form a bid-rigging cartel.What would be the winning bid in this auction?
A)​$501
B)$651
C)$801
D)​$846

Quizplus · Accepted Answer

The Answer of In an auction where the bidders values are $400,$500,$650,$800 and $850,the highest two bidders form a bid-rigging cartel.What would be the winning bid in this auction?
A)​$501
B)$651
C)$801
D)​$846

In an Auction Where the Bidders Values Are $400,$500,$650,$800 and $850,the