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02-01-2024
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A and B are bidding for a handwritten and signed manuscript of an Ezra Pound poem. If A bids a and B bids b, the manuscript goes to the highest bidder, who pays the other person's bid. In case of a tie, a fair coin is tossed. What is A's optimal bid

a) $3 million
b) $4 million
c) $5 million
d) $6 million

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