Anna's Antiques Expects to Get Two Bidders for the Unique

question 40

Multiple Choice

Anna's Antiques expects to get two bidders for the unique china teacup it sells.Each of the bidders can either have a high-value of $100 or a low-value of $70 with equal probability.If Anna holds an auction between the two bidders,and both the bidders have low values,she would earn ___ from the auction.

• A)​Just above $100
• B)$100
• C)Just above $70
• D)​$70

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Definitions:

Data Breach

An incident where confidential, protected, or sensitive information is accessed, disclosed, or taken without authorization.

Apology

An expression of regret or sorrow for having caused inconvenience, harm, or offense, often accompanied by an acknowledgment of responsibility and a gesture of making amends.

Pragmatist Approach

A practical approach to problems and affairs that focuses on the success of the outcomes rather than the adherence to any abstract principles.

Purist Approach

A methodology or philosophy that advocates for maintaining the original or core principles of an ideology, discipline, or practice without incorporating external influences or innovations.