Which of the following auction examples has a common value, Business Economics

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Which of the following auction examples has a common value

Which of the following auction examples has a common value information structure?

a. Three firms bid for an oil lease.

b. An auction of a famous painting.

c. A college in need of money decides to name a building on campus after the person willing to pay the most for the privilege.

d. An auction of a famous painting and a college in need of money decides to name a building on campus after the person willing to pay the most for the privilege.

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Business Economics: Which of the following auction examples has a common value

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Business Economics: Which of the following auction examples has a common value

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