Scenario: Four Friends-Tom, Bill, Jeff, and Roger-Are Participating in an English

question 60

Multiple Choice

Scenario: Four friends-Tom, Bill, Jeff, and Roger-are participating in an English auction. Tom values the good being auctioned at $500, Bill values it at $210, Jeff values it at $350, and Roger values it at $625.
-Refer to the scenario above.If they are the only bidders in the auction,Jeff will win the auction if ________.

• A) Tom and Roger bid up to their value for the good while Bill and Jeff bid below their value for the good
• B) Tom and Jeff bid up to their value for the good while Roger and Bill bid below their value for the good
• C) Bill and Jeff bid up to their value for the good while Tom and Roger stop bidding at $100 and $200, respectively
• D) each of them bids up to his value for the good