Recall the Aplia experiment with the $30 price ceiling. Suppose you are a buyer in this game with
a $50 valuation for obtaining a book. Your optimal buying strategy is
a) Wait until the high price books are sold, then buy a low price book at the very end, just before
the bell ends the auction round.
b) Submit an offer to buy a book for $29.99 immediately at the start of the round.
c) Submit an offer to buy a book for $30 immediately at the start of the round.
d) Submit the first bid approximately half way through the course of the auction.